This one does seem like it is not an advanced and discreet wealth transfer exercise and a retired nurse was effectively scammed out of her savings.
Sad that these old folks don't wander down to the bank or seek advice from just about anyone else they can think of.
No clue if the victim was passing the OTP to the scammers for these transactions or if they were given blank checks... how does one go about adding designated accounts and raising their default limits without OTP. And FFS why don't the banks check when multiple new accounts are added.
Surely... surely if the bank employees are not complicit, this is not an easy series of transactions.
A retired female nurse in her 70s was defrauded of 14 million of her life savings, including cash and stocks.In mid-September 2022, Fraudster II instructed the victim to transfer all her deposits from other banks to her HSBC account and asked the victim to provide her HSBC account login password to prove her innocence. In mid-September, the victim deposited HK$5.2 million into the HSBC bank account through the bank counter four times. Afterwards, at the further request of Fraudster II, the victim cashed all her shares in mid-October and deposited HK$8.8 million into the HSBC bank account.The victim later revealed the scam after telling her brother about the incident on November 2. The victim then called the police on November 3 for help. The victim was a retired female nurse, sources said.https://std.stheadline.com/realtime/article/1885044/Preliminary investigation by the police revealed that the fraudsters deposited over HK$14 million of the female victim into 6 local bank accounts in 53 separate transfers from September 30 to October 26.