American Senior Citizens and anyone else that becomes involved with this organized crime network is in for a lot of personal problems after their information is obtained. Let's start with these factious checks they produce.
The checks can be deposited in any bank, credit union or financial institution. In some instances it is decided by Untied Nations that a separate dedicated account would be best. Why? Because they would have complete control over the movement of monies. Yes, that was movement of monies.
These checks have no value, so when they are processed by a financial institution they are treated as if a check with full face value. I am not sure why the financial institutions do this, but, it is probably due to the idea anything is possible with computerization including having money immediately even though the owner of the account just deposited a printed piece of paper called a check.
In my opinion financial institutions are like sheep over a cliff, if one does it they all do it, no different than landlords of apartments. The reason of course is competition for business and what the market will bear.
Electronic checks. These are slid into an account when the owner has relinquished the username and password. Along with the username and password Untied Nations and/or their operative has the account information and any other requirements such as security questions.
The electronic checks deposited conveniently to bank accounts these days are not necessarily held for processing. The electronic check, the ones everyone takes a picture of to deposit over the internet, will be deposited in it's entirety as a full cash deposit. Where these checks become actual cash has to happen within a short period of time after the electronic deposit is made and before the financial institution realizes the check is fraudulent.
So, the best way to turn a factious check into cash is to use the Check Card at an ATM and remove the cash before the bank is aware of the false status of the check. Once the cash is removed, there is no going back. The organization and/or operative has enough of a hold on the owner of the account that the cash can then be deposited into a crypto ATM. Oh, yeah, crypto definitely enters the picture. But, remember up to the point where the cash is removed from the account there is no electronic footprint by the organization or it's operatives. The operatives are the ones that are acting as the love connection.
So, the damage is done and who indeed is responsible? The owner of the account. That means when the electronic check becomes a reality that it is false and has been acted on to receive cash, the owner of the account becomes liable for it. Now, in most instances this can be reported as identity theft and the financial institutions proceed to process it as such, but, there is no real way of finding the fraudulent person that produced it as they are in a far different place than the owner of the account.
Is it truly identity theft? The information was relinquished, right? It depends on how people look at it. An older adult that has become attached to someone else regardless of being a stranger and feels they have a sincere connection to them is responding to an emergency in that relationship. The operative or the organization has simply set the scene. So, the owner of the account isn't really expecting to have allowed identity theft. They were presented with a way to solve an emergency within the relationship. The owner of the account believes every aspect of the circumstances the operative presents. So, it sincerely is identity theft in that the owner of the account was conned into being cooperative.
The financial institutions are aware of these problems, but, treat them as a business cost and move on beyond the incident. The owner of the account, of course, feels as a fool perhaps, but, that is their problem to cope with and not that of the financial institution or the operative. The operative may very well be grateful for the monies received and relieved that the emergency is now addressed. In that is also justification for the false document in that the relationship is satisfied without any real consequences.
The dynamics of the fraud are very complicated. It isn't a matter of simply making this a crime and assigning senior citizens to prison. The entire interaction between operative, adult, and financial institutions is well groomed and highly effective. This is an intelligence operation of which the law cannot sincerely hold an innocent party responsible for. The senior citizen is already suffering financial losses in most cases.
