this post was submitted on 15 Jan 2025
362 points (97.9% liked)
Technology
60526 readers
6456 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
If you haven't seen it yet, check out this investigation on Honey (20 minutes, Part 1):
https://m.youtube.com/watch?v=vc4yL3YTwWk
It's fascinating stuff. Open fraud.
I can't speak for formal legal matters (I am assuming such scams are nominally legal in the US), but it goes to show that senior PayPal executives are basically criminals. There is no way they didn't know about this.
I mean, Paypal is a bank that isn't beholden to all the normal bank regulations and customer protection rules due to technicalities. They have been caught effectively seizing customer funds through locking accounts for questionable reasons before, and offer no reasonable way of recovering funds from locked accounts. Numerous stories of people operating online etsy (and similar) storefronts getting accounts locked for vague claims they were actively money laundering, with no means for appeal.
Anyone just now becoming aware of the paypal execs' corruption hasn't been paying attention.
There's a reason that a set of grifters who ran the place is nicknamed "The Paypal Mafia".
And Elon Musk is one of the "founders" (even though he actually got his company, X - not the current one -, merged with PayPal).