Holding Financial Institutions Accountable for Fraud
Posted by William Byrnes on April 3, 2015
International Financial Law Prof Blog
Two recent cases show fraudsters have become more sophisticated. It used to be that fraud schemes depended on the willingness of unwitting consumers to hand over their hard-earned savings in person or through the mail. Today, the interconnectedness of our electronic banking system means a crook just needs to find a way to acquire one piece of information—a bank account number. Once he has it, and a means to access the banking system, a bank account—and transfer its money— into his hands. read about these cases on International Financial Law Prof Blog
William Byrnes' Tax, Wealth, and Risk Intelligence 
Leave a Reply