Never understood how the process works and how the person offering money benefits from this. What do the IRS and banks (Chase, Capital One, Wells Fargo, etc.) do to get rid of this.
In: Economics
First off you or they reach out. They say they can make you some money. You willingly give your login details, if your bank is good they’ll try to send you 2fa code. Scammer will ask for it, you give it now they’re into your account. They use fake/fraudulent employer checks made out to you, depositing by mobile. (Hence why they need your online account.)You withdraw the money. You buy gift cards, (crypto now I’m sure) etc give them codes/ you go to Walmart(MoneyGram etc) send the money, or transfer crypto.
Days go by Bank doesn’t clear your checks, they bounce, you get ghosted, you owe all that money to the bank. You basically are trying to get rich and scam on the bank but that will never work. You’re a victim but a willing participant, so yeah don’t do it.
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