[TheForge] reversal of fortunes in a blink of an eye

[James Binnion]

  I had this happen to me last year. Some one started using my ATM  
card for all kinds of crap, looked like it was sold to a hacker site  
as many purchases from different areas.  There was no problem with any  
fraudulent charges. I just had to identify the fraudulent charges and  
the bank returned the money to my account. We notified the credit  
agencies got new card etc. A big pain in the ass but not really a big  
deal overall. So I think your friend needs to look into this more, if  
there is fraud involved the debts are legally not his responsibility.  
So either there is more to this than he is letting on or he has a  
really crappy lawyer.


Jim

On May 28, 2009, at 11:24 AM, terry l. ridder wrote:

> hello ron;
>
> On Thu, 28 May 2009, Ron Childers wrote:
>
>>
>> I thought Federal law limited exposure to $50 if a credit card # was
>> stolen....
>>
>>
>
> that is true is the credit card was stolen. with identity theft the  
> card
> is not considered stolen. their reasoning on this is that you the  
> victim
> never possessed the credit card therefore it can not have been  
> stolen from
> you.
>
> a friend went through this last year. he just kept getting the run
> around from the bank. he finally hired a lawyer to track down the low
> life and after several months they found the low life . he was all  
> ready
> held on other charges in kane county illinois. my friend has never
> received any restitution. so my friend is out the original amount the
> low life ran up on credit cards but also the lawyer's fees and legal
> fees.
>
> banks will find any loophole they can to stick it to you the victim.
>
> no matter how poor you are there is always some low life out there  
> that
> wants to take your last penny.
>
>
> -- 
> terry l. ridder ><>
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James Binnion
jbin at well.com