Santander trying to steal £14,200 from me

nelly12

Vulnerability? Then why do it? Greed or stupidity?

It is over! Bank has done nothing wrong! FOS will find in their favour guaranteed.

How much has all your hardware and upgrades cost you?

Have you informed DWP of your new income stream?

According to your posts you have £7000 ish left minus bits. Is this all your profit? Expenses, electricity, solicitor on retainer? Suppose it is profit if you haven't declared said income to DWP!

Azelphur

nelly12 wrote: »

Vulnerability? Then why do it? Greed or stupidity?

Because not doing business on the off chance you get scammed is silly. Many businesses are routinely the victims of chargeback fraud and have to eat the loss or take out chargeback insurance, the only difference here is that bank transfers arn't supposed to be subject to chargebacks, which is why I've been using them.

nelly12 wrote: »

It is over! Bank has done nothing wrong! FOS will find in their favour guaranteed.

I wouldn't call lying to me and the police on multiple occasions "Nothing", and then there's the consequences caused by their lies (the damage to my credit record for bounced direct debits, nearly loosing my house, etc.)

nelly12 wrote: »

How much has all your hardware and upgrades cost you?

For the mining? I stopped mining ages ago and it's absolutely nothing to do with this, trading requires no hardware/upgrades beyond a typical desktop computer, but I did profit by far on the mining.

nelly12 wrote: »

Have you informed DWP of your new income stream?

Yup

nelly12 wrote: »

According to your posts you have £7000 ish left minus bits. Is this all your profit? Expenses, electricity, solicitor on retainer? Suppose it is profit if you haven't declared said income to DWP!

Yup, and that's just the GBP, I am sitting on quite a decent pile of bitcoins, too.

nelly12

Azelphur wrote: »

Because not doing business on the off chance you get scammed is silly. Many businesses are routinely the victims of chargeback fraud and have to eat the loss or take out chargeback insurance, the only difference here is that bank transfers arn't supposed to be subject to chargebacks, which is why I've been using them.


I wouldn't call lying to me and the police on multiple occasions "Nothing"


For the mining? I stopped mining ages ago and it's absolutely nothing to do with this, trading requires no hardware/upgrades beyond a typical desktop computer, but I did profit by far on the mining.


Yup



Yup, and that's just the GBP, I am sitting on quite a decent pile of bitcoins, too.

Great, I look forward to my tax bill going down then. Just remember your investments can go down as well as up. Good luck with the trading (which you will note that I have already said to you).

I honestly believe you will have no joy with the FOS. DO you actually know what the maximum compensation that would be awarded is? All you've got to legitamately complain about is hurt feelings but the bank was justified in fobbing you off, they are not allowed to tip you off in regards any investigation and the same applies to a local bobby. I would just move on and chalk it up to being unlucky you were involved in thefy or ML.

Azelphur

nelly12 wrote: »

Great, I look forward to my tax bill going down then. Just remember your investments can go down as well as up. Good luck with the trading (which you will note that I have already said to you).

Thanks, It does feel good to be off the benefits and doing something productive, and I'm fully aware. I've taken substantial losses due to this freeze, and I've taken losses before. But that's what trading is about really, the goal is to make more money than you loose

nelly12 wrote: »

I honestly believe you will have no joy with the FOS. DO you actually know what the maximum compensation that would be awarded is? All you've got to legitamately complain about is hurt feelings but the bank was justified in fobbing you off, they are not allowed to tip you off in regards any investigation and the same applies to a local bobby. I would just move on and chalk it up to being unlucky you were involved in thefy or ML.

I don't know what the maximum compensation is, and I don't think that damage to my credit record is hurt feelings.

I don't particularly plan on moving on any time soon, if someone stole £7200 off you, I doubt you'd be moving on so quickly either. I plan to pursue this down every possible avenue. There's certainly no harm in taking the FOS route and seeing what happens.

JuicyJesus

If it's helpfulness you want, here's actual facts: the FOS are currently taking a year minimum to even commence investigation of cases (back of the queue behind every PPI-reclaim-bandwagoning idiot in the country). You will be waiting an awfully long time for a guaranteed no, the disputed funds will be long gone from your account by the time you reach the front of the queue and there is simply no way in hell that the FOS will either let you keep the proceeds of fraud or make Santander reimburse you the same. Santander will supply them with everything they have on you and your case, and you will not be entitled to see any of it that might be sensitive information in a fraud prevention context but the FOS will be and will be able to use it in their decision when they finally get round to it. I estimate the chances of a successful complaint in these circumstances to be about the same as me waking up tomorrow morning and discovering that I can now sh*t ice cream.

Also, nobody has stolen £7,200 off you except the person who decided to pay you for Bitcoins with someone else's money. You have no entitlement to the proceeds of fraud, ergo the money is not yours, ergo it cannot be stolen from you, end of.

nelly12

Azelphur wrote: »

Thanks, It does feel good to be off the benefits and doing something productive, and I'm fully aware. I've taken substantial losses due to this freeze, and I've taken losses before. But that's what trading is about really, the goal is to make more money than you loose



I don't know what the maximum compensation is, and I don't think that damage to my credit record is hurt feelings.

I don't particularly plan on moving on any time soon, if someone stole £7200 off you, I doubt you'd be moving on so quickly either. I plan to pursue this down every possible avenue. There's certainly no harm in taking the FOS route and seeing what happens.

Unless you bounced DD's for loans, CC's or utility bills it will not affect you. Your account will probably only have an internal marker with the bank and you've moved banks anyways.

In terms of losing £7200, I've lost more than that in a day on more than one occassion, yes I felt sick, but i was trading in risk and I knew that, conversly have made more than that too.

Lets close the thread and move on because it definitely has the wrong title. :beer:

techspec

Wow that took some reading.

At the end of the day - the OP as been robbed via bank transfer. Many on MSE warn about paypal etc - saying use bank transfers, as they cannot be reversed. Well clearly they can.

The bank that sent the payment should be covering the loss, Santander have acted like paypal in helping the scammer.

As far as i am concerned - Santander, a crap bank who have ruined N&P/ABBEY HAVE stolen the money from the OP.

Azelphur

JuicyJesus wrote: »

If it's helpfulness you want, here's actual facts: the FOS are currently taking a year minimum to even commence investigation of cases. You will be waiting an awfully long time for a guaranteed no, the disputed funds will be long gone from your account by the time you reach the front of the queue and there is simply no way in hell that the FOS will either let you keep the proceeds of fraud or make Santander reimburse you the same. Santander will supply them with everything they have on you and your case, and you will not be entitled to see any of it that might be sensitive information in a fraud prevention context but the FOS will be and will be able to use it in their decision when they finally get round to it. I estimate the chances of a successful complaint in these circumstances to be about the same as me waking up tomorrow morning and discovering that I can now sh*t ice cream.

Also, nobody has stolen £7,200 off you except the person who decided to pay you for Bitcoins with someone else's money. You have no entitlement to the proceeds of fraud, ergo the money is not yours, ergo it cannot be stolen from you, end of.

I certainly didn't come here for the trolling, it's always been the helpfulness I was after.

I stand by my opinion that the senders bank is responsible (except in case of negligence, which would make the account holder responsible). I also read some stuff about the banks being responsible to compensate the victims of fraud, perhaps someone could enlighten me on those policies.

nelly12 wrote: »

Unless you bounced DD's for loans, CC's or utility bills it will not affect you. Your account will probably only have an internal marker with the bank and you've moved banks anyways.

Had CC and Utility bills bounce, certainly would have moved them if Santander hadn't have said it'll be solved by close of business/48 hours/...

nelly12 wrote: »

In terms of losing £7200, I've lost more than that in a day on more than one occassion, yes I felt sick, but i was trading in risk and I knew that, conversly have made more than that too.

Yup, know that feeling.

nelly12 wrote: »

Lets close the thread and move on because it definitely has the wrong title. :beer:

Don't you want to hear what the FOS has to say? It's not over yet.

Azelphur

techspec wrote: »

Wow that took some reading.

At the end of the day - the OP as been robbed via bank transfer. Many on MSE warn about paypal etc - saying use bank transfers, as they cannot be reversed. Well clearly they can.

The bank that sent the payment should be covering the loss, Santander have acted like paypal in helping the scammer.

As far as i am concerned - Santander, a crap bank who have ruined N&P/ABBEY HAVE stolen the money from the OP.

This is exactly my opinion, it's nice to know that someone agrees with me.

JuicyJesus

Azelphur wrote: »

I stand by my opinion that the senders bank is responsible

And your opinion is wrong. Not "I disagree", you are just plain wrong on that point. When fraud is reported, the defrauded customer's bank will contact the receiving bank and ask them to return the money if possible. End of. The logical conclusion of your opinion, were it actually fact, would be banks needlessly gifting money to fraudsters.

You are entitled to your opinion but it does not coincide with reality.