MnSpring
Serious Thumper
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Younger than most people my age.
Posts: 10582
Minn
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A Yep, the UL SOCIALISTS want the USA to be,
Just Like China !!!!!
“…Victims of bank Ponzi-like scheme in China unable to withdraw money from frozen accounts …”
“…Chinese who lost money in bank fraud detained for months after protest. Ou Yangyun travelled to the Chinese city of Zhengzhou in February to demand recompense after his bank account containing tens of thousands of dollars was frozen, his family expected him to be home two days later to celebrate the Lunar New Year with his five-year-old twins. The small-business owner from Changsha never returned. …”
“…Hackers linked to Chinese government stole millions in Covid benefits.
The theft of state unemployment funds is the first pandemic fraud tied to foreign, state-sponsored cybercriminals that the U.S. government has acknowledged publicly. …”
“…‘Smurfing’: How China’s rich are smuggling cash from the country
Since China’s borders reopened post-pandemic, the wealthy have increasingly been moving money out of the country in elaborate, secret ways. …”
“…China Financial Threats to U.S. Retiree Savings …”
“…A key focus of the hearing was China's exploitation of American capital markets. Sen. Rick Scott, chairman of the Senate Committee on Aging, delivered a sobering warning during his opening remarks: 'If you have your retirement invested in anything controlled by or under the jurisdiction of the Chinese Communist Party, you are at risk of losing every dollar—and this could happen overnight.' His statement underscored the urgency of addressing these vulnerabilities….”
“… Chinese cybercriminal groups targeting Google and Apple Wallet customers. Their TTPs center on the abuse of contactless payments and the misuse of the NFC technology to conduct fraud. The analysts from Resecurity’s HUNTER unit identified a group on Telegram offering the Z-NFC tool for sale to facilitate fraudulent transactions. Another tool, called King NFC, was previously marketed on the Dark Web as an alternative..."
"... Primarily, the actors use Android-based phones, with numerous cards “loaded” into mobile wallets for further fraud. …”
And on, and on, and ON !
Perhaps the US should continue to deal with it's own, 'Stealers'.
Rather than have to deal with another SOCIALIST/COMMUNIST Country.
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Ben Franklin once said: "If you give up a freedom, for the sake of security, you will have neither".
Which is More TRUE, today, than yesterday.('06, S-40, Stock) well, mostly .
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