Seeds of Wisdom RV and Economic Updates Sunday Afternoon 3-16-25
Good Afternoon Dinar Recaps,
JPMORGAN CHASE, WELLS FARGO AND BANK OF AMERICA REFUSE TO REIMBURSE CUSTOMERS AFTER SCAMMERS ATTACK ACCOUNTS: REPORTS
New reports show JPMorgan Chase, Wells Fargo and Bank of America are closing the door on customers hit by fraud, rejecting their claims and refusing to reimburse their accounts.
JPMorgan Chase refused to refund a customer in Northern California after a scammer used a fake driver’s license to initiate unauthorized withdrawals, reports the ABC-affiliated news station KGO-TV.
Katrina, who preferred not to give her last name, says someone pretending to be her withdrew money from her Chase account without even having her bank card or PIN.
The con artist, who is still at large, made two withdrawals from Katrina’s account totaling $1,500.
Katrina filed a police report and the next month, she received a letter from Chase telling her that the bank has denied her claim, alleging that she both authorized and benefited from the withdrawals. After Katrina reached out to the local news for help, the bank reversed its decision.
Meanwhile, Wells Fargo has told a customer in South Carolina that she’s out of luck after falling victim to scammers pretending to work at the bank’s fraud department, reports the NBC affiliate WGAL.
Stephanie Zufall received a message asking her to verify a $1,300 Apple Pay transaction. She replied “no” and soon received a call from someone posing as a Wells Fargo representative.
The scammer tricked Zufall into depositing $3,000 into an ATM via her mobile wallet, then stole it by linking her account to his.
Wells Fargo denied her claim and in response to the news report, says it’s re-opened the investigation.
Lastly, Bank of America says it will not reimburse an aspiring entrepreneur’s account after she lost $20,000 to a scammer impersonating the bank.
The customer says she received a call from a spoofed number matching BofA’s support number on her debit card, reports the ABC-affiliated WLS-TV.
The scammer convinced her to transfer the money to supposedly protect it, only for her to later discover that she had been deceived.
Bank of America says it’s not liable and its real staff would never ask customers to send money over the phone.
The customer says the loss has forced her to abandon plans to start a new business.
“I’ve been working 10 to 13 hours plus with no break. I have to expedite that money that was stolen from me, and it wasn’t just stolen from me, but stolen from my kids, too.”
@ Newshounds News™
Source: Daily Hodl
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BRICS MAKES MAJOR ANNOUNCEMENT ON DE-DOLLARIZATION
The major announcement from the BRICS alliance is that the bloc is divided on the global de-dollarization agenda. The nine-member alliance is seeing divisions as cracks open up from all sides on what the group stands for. While some countries want to launch a new common currency for trade and transactions, others don’t. The breaking up of ideas is causing a split within the group with each country wanting different agendas.
BRICS: India & Brazil Announce ‘No Interest’ in De-Dollarization
BRICS member India has made it clear that it has no interest in ending reliance on the US dollar and will not pursue the de-dollarization agenda. Foreign Minister S. Jaishankar said that India has “absolutely no interest” in undermining the US dollar. He said that the country “has never had a problem” with the greenback and has no plans to replace it.
In addition, four Brazilian government officials on the condition of anonymity said that Brazil plans to reject the BRICS currency. Brazil chairs the upcoming summit in July and plans to dismiss the formation of the new currency. President Luiz Lula da Silva is planning to nix the idea as he chairs the 17th summit, reported Reuters. Therefore, BRICS members India and Brazil are against de-dollarization in 2025.
Even BRICS members South Africa and the United Arab Emirates (UAE) remain on the sidelines of the de-dollarization initiative. Only Russia, China, and Iran are aggressively looking to replace the US dollar for cross-border transactions. Russia and Iran are reeling under sanctions that are making them desperate to find an alternative to the US dollar.
On the other hand, China is looking to use BRICS as a stepping stone to pursue its agenda of global domination. India does not want that to happen as it sees the Communist country as an opportunist. In conclusion, the idea of BRICS reshaping the de-dollarization initiative is a farce with no unity and more divisions.
@ Newshounds News™
Source: Watcher Guru
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XRP HOLDERS THIS IS WHY RIPPLE WILL REPLACE SWIFT - BANKS WILL BEG FOR XRP | Youtube
XRP JUST FLIPPED ETHEREUM IN FDV - NOTHING IS KEEPING XRP FROM GOING PARABOLIC | Youtube
@ Newshounds News™
Source: Common Sense Crypto
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