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A frightening bank scam now allows thieves to get right into your checking account, and even savvy people are falling for it.All they need is:Your cellphone numberA bank account that is compatible with the Zelle money transfer system.You assuming that it's really your bank on the phoneIt just happened to one man in Ohio, who showed how thieves can now con their way into getting thousands of dollars from your checking account.Damon Lander runs a university biology lab. As a university employee, he's not the type of person who would fall for a phone scam — until this one."The other evening, I got a phone call from what I thought was Fifth Third Bank," he said.With his caller ID showing his bank's number, Lander answered the phone, and immediately worried when the caller explained he was with the bank's fraud department."He told me they had detected fraud in my account, and they were going to help me take care of that, and set up security measures, and take care of the fraudulent charge," Lander said.It all sounded perfectly legitimate. So he did what the phone rep instructed, such as entering a verification code on the log-in page on the bank's app.The caller promised to lock the account, and issue him a new debit card. Lander thought everything was taken care of.But within a few minutes, Lander says, he got a strange text from the bank."My user ID had been removed," he said.A few minutes later, he got more alerts from the bank, and that's when he really started to worry."They changed my username, my password, my card PIN and set up a Zelle account."Scammers open Zelle accountLander had never used Zelle before, but it is a money transfer app similar to Venmo that is automatically offered to customers at almost a dozen big banks around the country, including Bank of America, Key Bank, Chase and Fifth Third.Suddenly, Lander watched helplessly as another text alerted him that his brand new Zelle account sent ,000 to a disposable cellphone number."They transferred funds to someone I've never met before," he said,Panicking, he called the bank's customer service number, where he learned the bank had not initiated any fraud call.In fact, to Fifth Third, it appeared that he had made all the changes to his account since he entered a verification code that essentially gave the keys to his account to a scammer.Why this scam is so worrisomeWhat's scary is that this scam doesn't require a thief to gain access to your ATM card or a blank check they found somewhere, as bank theft required in the past.All it takes is a text or call claiming to be from your bank's "fraud department" and they can get into your account. Once there, they can now use Zelle to quickly get money out of it. 2727
The Senate Finance Committee put big pharmaceutical companies on blast for their sky-high drug prices. Seven drug executives were grilled in a heated exchange with lawmakers, who were questioning their pricing practices. Pharmaceutical company Pfizer has raised the price of the popular diabetes drug Lyrica by 163 percent since 2012. Each of the pharmaceutical companies insisted the high costs is because it takes a lot of money to research and develop better more effective drugs. The Senate committee did not agree. The Big Pharma panel did offer ideas to find solutions to lower drug prices, including passing rebates. Additionally, Merck, as well as the majority of the panel, say they support the stop of price hikes on medicines that have no competition and encourages competition elsewhere. However, Senate members like Maria Cantwell of Washington, say Big Pharma says it wants to solve the issue, but ultimately didn't offer anything worthy to create change. "I think if you guys can't agree that these basic market functions that allow people to buy in bulk or on discount is good ideas for consumers, then I don't think we are going to come up with anything we agree on here,” Cantwell said during the hearing.Lawmakers, including some of those on the Senate Finance Committee, receive funds every year from the pharmaceutical industry. The Center for Responsive Politics found drug companies spent more than 0 million lobbying last year. More can be found on the group’s website opensecrets.org. 1531
A group of bipartisan attorneys general from 51 states and territories on Friday wrote to Education Secretary Betsy DeVos urging the Department of Education automatically forgive the student loan debt of eligible veterans who became disabled through their military service."We write, as the Attorneys General of our jurisdictions, to urge the Department of Education to take prompt action to satisfy its statutory mandate to discharge the student loans of veterans who are permanently and totally disabled or otherwise unemployable," 546
A customer shot a waiter to death at a pizzeria in the Paris suburbs after being made to wait too long for a sandwich, witnesses say.The 29-year-old waiter was killed in Noisy-le-Grand, around nine miles from the center of Paris, on Friday night, the prosecutor's office in neighboring Bobigny told CNN.Witnesses say the man was angry about the length of time taken to prepare his sandwich, the prosecutor's office confirmed.Staff called police after the waiter was shot in the shoulder with a handgun, the AFP news agency reports.The gunman fled the restaurant and the waiter died at the scene. Police have opened a murder investigation and the suspect is still on the run, according to the prosecutor's office.Local residents expressed their shock at the incident."He was killed for a sandwich?" said one, according to AFP."It is sad," a 29-year-old woman told AFP. "It's a quiet restaurant, without any problems. It just opened a few months ago."However, the surrounding area is known for high levels of crime, including drug dealing and public drunkenness, according to AFP.Disadvantaged Parisian suburbs, known as "banlieues," have suffered for years from political neglect and frequent police crackdowns.In March, social media rumors of child abductions by members of the Roma ethnic minority sparked a wave of violence in France, though authorities dismissed the claims as baseless.Roma were attacked in Bobigny and Clichy-sous-Bois, another suburb northeast of Paris, as well as Nanterre and Colombes. 1521
Safety concerns are arising about yet another piece of furniture sold by major retailers like Amazon, Walmart, Sears and Home Depot. 146