between the chains
SIKONATHI MANTSHANTSHA: A not-so-grand scam
Think about it: if the crooks have 10,000 accounts from which to deduct R100, that’s R1m each month
There is a debit order banking scam on the go in SA. And the banks are doing absolutely nothing to protect your money. I know. I have been a victim. The fraudsters put through a debit order that they bet you won’t notice — “small” amounts like R99.99 here, R129.99 there, another R59.50 there. Since these are “insignificant” amounts, the bank does not send you a text message notifying you that your hard-earned money has been taken from the account you entrusted them with. You only discover the thieving the day you read your bank statement and find a strange entry: -R99.99 Galaxy 1544 (or similar). Chances are you’re reading your bank statement after a day’s hard work. And you have a beer in your other hand. So you take no notice, and take another well-deserved swig. Then you move on to better things — like scrutinising the next file dropped off by a well-meaning citizen on yet another corrupt transaction at one of our major state-owned companies. You’re dealing with the big boys, you...
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