Corrente

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Stealing one quarter at a time.

From The Boston Globe / boston.com

It seems that millions of credit card accounts have been hit with a "mysterious credit card charges" of $.25 from a "Adele Services" in Melville, N.Y. It doesn't seem to exist as far as anyone can tell, yet the charges went through. You can and should contest this charge if you find it in your CC bill, don't let it slide, as the thieves may want to see if possible targets of a later, larger fraud are monitoring their account.

There is the possibility that it is just a massive attempt to get a lot of small amounts of money from many people into one large amount for one person or as ( to quote the article ):

Former Massachusetts assistant attorney general Edgar Dworsky, who runs ConsumerWorld.org, said the scam reminded him of an old adage: "It's easier to steal $1 from a million people than $1 million from one person," he said.

Tell that to Bernie Madoff.

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kerril's picture
Submitted by kerril on

Noticed the charge, Googled the company and found out about the issue. Then called my bank and the card number was replaced. I am very curious who these people are now. I'd forgotten about it.
/actually makes me think of Office Space.

Aeryl's picture
Submitted by Aeryl on

And I really don't want to be reminded of Superman 3(Say it ain't so Richard!!)

The theft of one hundredths of a penny, is called Salami Slicing, which is actually a euphemism that brings a smile to my face.

I thought the idea was ingenious actually, though I am not criminally inclined. I mean, it's a quarter, who is going to really be hurting because of a quarter(at least those who have credit/debit cards).

So, did you get your money back? I know most banks and lenders will forgive fraudulent charges, so does that mean the banksters get stuck with the bill? Cuz, if so, that makes this idea ten times even more brilliant.

He who will not reason is a bigot; he who cannot is a fool; and he who dares not is a slave.
- Sir William Drummond

kerril's picture
Submitted by kerril on

I am going to put it in the stock market. Or use it to make a Cobra payment when we get laid off. Can't decide.

Sarah's picture
Submitted by Sarah on

I knew somebody who had a scheme to embezzle every .0003 cent from electronic deposits on holiday weekends (not me) by electronically diverting JUST that fraction on transactions after 6 p.m. the Friday, then returning it before 6 a.m. on the Monday.

This is an odd fraction (3/10ths of a penny) that comes up in international transactions.
The beauty of the scheme was that it went into an offshore account where it sat for 2.5 days, drawing interest, then was returned to the originating account (yeah, he was a programmer).

The interest sat in that account, in which he had a legitimate (well, so he said) originating deposit. It compounded daily at some infinitesimal rate, but every time the account balance went up, so did the interest. At irregular intervals he'd be able to pick up money from that account, he claimed, in small-but-often withdrawals.

I don't know whether he ever actually operated it but it did look good on paper.


We can admit that we’re killers … but we’re not going to kill today. That’s all it takes! ~ Captain James T. Kirk, Stardate 3193.0

1 John 4:18

chicago dyke's picture
Submitted by chicago dyke on

on the superman 3 ref. that was such a Hacktackularly Awful film, i actually sort of enjoyed it. the part about the rich guy not ever wearing the same pair of socks stays with me, for some reason...

heh. not a worry for me, this post. credit cards and me were done having relations many years ago. i'm not sorry. i wonder tho: will it actually cost people more than the charge to "fix" this, on their bill? assuming one has to make a phone call, take .25 hr away from paying work time, or send a letter with a stamp...well, doesn't any of that "cost" you way more than 25c?

that's the genius of such a scam. to all but the very penny-pinchy-ist, it's literally not worth the effort.