how you could benefit from a fraudulently opening a savings account in someone’s name?

Question

So, I just received an email and text message that I had opened a savings account with a major bank I have never previously used. I didn’t open any links on the texts or email. I went to the major bank’s website directly from Google and called their fraud department. They confirmed there was an account under my name and closed it. I am filing a fraud report with the credit bureaus. I always have my credit frozen.
What is the scam here? What could some one do with a savings account linked to both my email and number?

In: 53

Answer 1

Have their paychecks issued in your name and directly deposited into this account and then withdraw the money every two weeks and leave you on the hook for the income taxes.