Global Payments Gaming Solutions is blamed for leaving a fraudster the opportunity to easily steal money from poker pros. Several of them have recently said that someone stole thousands from them. The fraudster was able to upload funds to newly created poker accounts directly from their bank accounts and immediately withdraw money.
According to the owner of the PokerFraudAlert site, who is one of the victims, Global Payments Gaming Solutions is to blame for the loophole. The payment processor that is used by many legal US poker sites saves bank account numbers when legitimate users make eChecks payments and easily gives access to fraudsters who just need to provide some basic information to get access to their bank accounts.
The scammer impersonates poker pros knowing they most probably have money in their accounts. He creates a new gambling account on the site that a victim doesn’t have an account with. Then the VIP Preferred option is used to request payments to be done from the bank account a victim has used before.
Scammer isn’t asked to provide the account number and only needs the victim’s full name, address, date of birth and last 4 digits of the SSN. After a deposit is made, the money is then withdrawn to the Venmo Debit Mastercard created in the victim’s name and is then sent to phony Venmo accounts.