D. Turner bank fraud victim

[purplefaithful]

Minnesota Vikings linebacker Dallas Turner was the target of a banking fraud scheme that cost him roughly $240,000, according to a police investigation.

Details of the suspected scheme are spelled out in a search warrant affidavit filed in Dakota County District Court this week that cleared the way for police to seize financial records from a JPMorgan Chase Bank branch in Eagan.

Police Sgt. Rich Evans said the investigation “has identified several suspects,” and his department is moving forward toward charges being filed. Evans added that slightly less than $2,500 of the stolen money has been recovered.

Police have asked JPMorgan Chase whether its internal investigation has determined how “the fraudster was able to obtain sensitive account details including Dallas’ full name, linked phone numbers and [his] LLC account info” and whether any bank employees played a role in the scheme, the affidavit noted.

According to the affidavit:
Turner and his attorney contacted police in April to report that Turner received a call on Feb. 19 “from an individual impersonating a JP Morgan Chase banker. The caller claimed someone was attempting to impersonate [Turner] at a Chase Bank branch in Arizona and presented two copies of ID to execute a wire transfer.”

The caller directed Turner to immediately transfer his money to two separate business accounts in an effort to thwart the theft attempt.

That afternoon, Turner went to a Chase branch in Eagan and transferred $120,000 to “Island Food Truck LLC.” Before day was over, he visited a Chase Bank branch in West St. Paul and transferred another $120,000 to “CNL FL LLC.”

“[Turner] spoke with a family member and determined [he] may have been a victim of a fraud scam,” the affidavit read.

StarTribune

[StickierBuns]

That's too bad, just a young guy....but the only good part is he can handle it financially. Needs to be more careful, he's a target. Frauds and scams are a multi-billion dollar business in this country, it sucks.

[JimmyinSD]

Well we know he wasn't drafted for his IQ.... holy crap, seriously, he transferred money to a food truck company thinking that was what a bank would suggest in the case of a fraud?

Life is hard, its a lot harder when you are dumb. I hope the kid can learn something from this.

[Vikergirl]

That royally sucks. Some lessons are learned the hard way

[AGRforever]

Well we know he wasn't drafted for his IQ.... holy crap,  seriously, he transferred money to a food truck company thinking that was what a bank would suggest in the case of a fraud?

Life is hard,  its a lot harder when you are dumb.  I hope the kid can learn something from this.

No shit. I sure hope he can sniff out a QB better then obvious fraud. They say Flores D is hard to learn…..

[Bunsen82]

Well since it was in LLC he can take it as a business loss, not great, but not as much. He did make the transaction. The issue is they knew he banked at JP Morgan Chase. His account info LLC info, phone numbers and other personal information. So was it a phishing exercise that just got lucky, I don't think so. It does appear somehow whether from a hack or insider information from an employee they somehow got personal information. In this case with the current circumstances JP Morgan may try to assist with the loss, I am not sure. Now in most cases when they are transferring money it goes off shore immediately. In this case it appears these companies or accounts were on shore. My other question is if he went to the banks, why did the banks allow to transfer that large of sums of money without questions. That has always been a concern of mine. I have now had 2 clients who have been scammed like this with similar amounts of money.

[purplefaithful]

Well since it was in LLC he can take it as a business loss,  not great,  but not as much.  He did make the transaction.  The issue is they knew he banked at JP Morgan Chase.  His account info  LLC info,  phone numbers and other personal information. So was it a phishing exercise that just got lucky,  I don't think so.  It does appear somehow whether from a hack or insider information from an employee they somehow got personal information. In this case with the current circumstances JP Morgan may try to assist with the loss, I am not sure.  Now in most cases when they are transferring money it goes off shore immediately.  In this case it appears these companies or accounts were on shore.  My other question is if he went to the banks,  why did the banks allow to transfer that large of sums of money without questions.  That has always been a concern of mine.  I have now had 2 clients who have been scammed like this with similar amounts of money.

whispers locally that they are investigating this as an inside job...

[Bunsen82]

whispers locally that they are investigating this as an inside job...

Then info in the story supports that conclusion.  Now will there be arrests.  They will have any access to his information documented,  its all electronic.  Then they would have to try and make a connection between the individuals who did the theft and who gave the information.  In most cases you hope the individual is so ashamed they never file a report.

[MaroonBells]

Nobody wants to lose $240K, but if he's the player we think he is, that will be a tiny blip. He will be making a thousand times that over his career.

[Bunsen82]

Nobody wants to lose $240K, but if he's the player we think he is, that will be a tiny blip. He will be making a thousand times that over his career.

If it was an inside scheme,  he will get his money back.  240k is still alot even to an nfl player.  I hope he gets a big contract.  Even still I hope more he learns how to be financially smart and conservative.   Adrian Peterson,  made a lot of money and is effectively bankrupt.     My guess is he learned a good lesson,  that there are lots of people willing to try to get your money,  some straight up thieves, some a lot more sneaky and you better really trust who you are getting your financial advice from, or do your own research and always be willing to ask questions.  If there is too good of a return that is not a good thing its a major red flag,  and thats even from me who has achieved crazy returns over the last 4 years.  But that is because I understand the risks I am taking being incredibly aggressive and not diversifying.  I feel I can be more on top of 1 stock, that hundreds of stocks, or even 10 stocks.  But the pot is getting to big I will be forced to put some money in a spider etf.