FTC Kills Dirty Online Check Processing Outfit

Posted by kdawson on Monday February 9, 2009 @02:34PM from the dirty-pretty-checks dept.

coondoggie writes "The Federal Trade Commission today got a US District Court to stop permanently what it called the illegal operations of an Internet-based check creation and delivery service, and to require the group to give up over half a million dollars in ill-gotten gains. According to the FTC, Qchex.com created and sent checks drawn on any bank account that a Qchex user identified, but did not verify whether the user had authority to draw checks on that account. As a result, fraudsters worldwide used the Qchex service to draw thousands of checks on bank accounts that belonged to unwitting third parties. 'The evidence shows that the launch of Qchex.com was a "dinner bell" for fraudsters and resulted in a high number of accounts frozen for fraud...' said District Court Judge Janis Sammartino."

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Day late... by Fished · 2009-02-09 16:21 · Score: 4, Funny

Man, and I just NOW hear about this!

--
"He who would learn astronomy, and other recondite arts, let him go elsewhere. " -- John Calvin, commenting on Genesis 1
Re:Check Security by c6gunner · 2009-02-09 16:27 · Score: 4, Funny

4 digits isn't very secure, since 4^4 yields only 256 possible combinations
Oh noes! Well, luckily 10^4 gives 10,000 combinations. Maybe you should get your bank to invest in better ATM keypads?