Tag: Financial Technology
CT Man Paid Juvenile $5K To Deposit $34K In Forged Wallingford Checks: Police
Police in Connecticut have arrested a 23-year-old man and a juvenile who they said were involved in a check scheme that defrauded a business out of more than $34,000.
Christopher Collins, 23, of East Granby, faces multiple charges after the Wallingford business reported in March that someone had stolen and forged the checks, police said.
Collins is accused of offering a juvenile $5,000 to deposit the checks, worth $21,775 and $12,604.50, at different banks. Police said they tracked the money through bank accounts and financial technology companies, leading to both arrests.
The juvenile was…
Scammers May Victimize Peer-To-Peer App Users, CT Attorney General Warns
Federal and state officials are warning consumers to be vigilant when using “peer to peer” apps like CashApp, Venmo, PayPal, and Zelle to avoid losing money, giving out valuable personal information, or being victimized by scammers.
Like any product, consumers must make informed decisions with regard to the use of financial technology products including the “peer to peer” applications for smartphones, otherwise known as “prepaid accounts” or “P2P account.”
P2P Apps have become increasingly popular through companies like Venmo, Zelle, Cash App, and PayPal. While these apps can be used …
