Banks Seizing Y2K Supplier Funds : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Here is the link to the WorldNetDaily article:

Banks Seizing Y2K Supplier Funds


-- Ray (, April 14, 1999


A Snip from the article:

""A large increase in sales looks suspicious to us," says Sal Caruso, a merchant account representative from U.S. Bank. "We have to hold these accounts for review to verify the sales are real."

Gee, Wall Street rewards companies that show increases in sales with ever inflated stock prices, but when a company like Lumen Foods shows an increase they call it fraud.


-- Ray (, April 14, 1999.

Sorry, see this article was posted under a different title below:

Got Food?"


-- Ray (, April 14, 1999.

This is most interesting.....I had an experience last week, where my credit card company called me to ask me if I had made a couple of purchases (One happened to be from a Y2K supplier).

When asked who the company in question was, she said she did not have that information, tho she did have the charged amount and address of the company.

She told me that the credit card company periodically audits their customers to be sure the charges are legit. Seemed strange to me, because if they weren't legit, they'd hear from the customers as soon as the bills came.

Anyone else with similar experiences?

-- Jo Ann (, April 14, 1999.

You might want to peruse some of the existing threads before wasting yet more bandwidth.

-- Helen Wheels (helen@wheel.s), April 14, 1999.

You might want to post a viable link, Hell

-- scoff (, April 14, 1999.

Can't understand all the confusion here. Banks kill TWO birds with one stone !! They are running LOW on cash because of Y2K orders and people widrawing/stashing extra money, especially to make CASH purchaces of Y2K goods. GET cash and hurt the companies responsible all in one action . ALSO, verify WHO HAS STOCKPILED FOOD,GUNS/AMMO, GENERATORS, ETC. so they have a NICE LIST to had FEMA/army/Nat. Guard when the time comes. THINK about it folks !!! (Not into conspiricy, normally ) Eagle .... Circling ... Watching .

-- A. Eagle (, April 14, 1999.

The credit card co's anti fraud dept will watch patterns (by computer) and if, on a specific day, a person who usually only charges an occasional $35 for a meal suddenly charges 189 here, and 245 there and 45 somewhere else, all on the same day, they call, just to be sure that it was the cardholder. i happen to appreciate the calls I have gotten.


-- chuck, a Night Driver (, April 14, 1999.

Oh, Chuck, you (fail to) see conspiracies everywhere today. Is it something you ate?

-- BigDog (, April 14, 1999.

On the more serious side, our major grain supplier, who will go unnamed (very reputable) takes cashier checks only.

-- BigDog (, April 14, 1999.

Chuck, I may be mistakes but I think you missed the jist of the article. The banks are not looking for fradulent use of the credit card. They are going after Food Suppliers that have increased their sales volume substantially.

As I indicated above if a company that Wall Street is tracking does this their stock zooms.


-- Ray (, April 14, 1999.

See WorldNet Daily Exposed

-- Hoffmeister (, April 14, 1999.

Hoffmeister commented:

"See WorldNet Daily Exposed"

Yes indeed, the TRUTH doth hurt some folks!!

Thanks for the FEW media outlets that do promote the TRUTH!!


-- Ray (, April 14, 1999.

I had a card for two years and used it twice, both times for purchases under $100. Then, near christmas, I put all of my purchases for one day on it including two pieces of jewelry for my wife, a set of tires for my car and a pair of airline tickets. I got a call from my bank that night asking me to confirm each purchase and the approximate time they were made.

Twice since then I have gotten similar calls from card issuers, and each time it was because I made purchases that were well outside my normal spending patterns for the card. Once they wanted to confirm that I really did intend to buy a new sofa and recliner on a card that had never been used before. The other time was to confirm that the dozen + purchases I had made in a single afternoon on a card I had barely used in the two years I had had it were all mine.

In both cases, they were checking to make sure that the card wasn't being used without my knowledge. I know of one person who found out that her card had been stolen when the bank called wanting to know if indeed she was the person who put down the deposit on a brand new Buick with that card. Both she and the car dealer were very grateful for the call.

-- Paul Neuhardt (, April 14, 1999.

Who would want to order from this firm, that gives First Data/bank/US government information on all the food orders you have made, when EOs, (other) laws are in effect to "confiscate from horders" any stored food that FEME/Army/National Guard come looking for , with tank as backup ??? Not I !!! Eagle

-- A. Eagle (, April 14, 1999.

Credit card records are subject to subpoena by law enforcement, same as bank records, business records, telephone records. Monica found that out in a hurry. You want to stay in the high grass, use cash.

If someone called me asking anything about credit card purchases, I'd get their identification and phone number, hang up, confirm the data with the card issuer, and if it was confirmed, call back. If they won't play, forget it. Telling unknown callers anything about your activities is fairly witless.

-- Tom Carey (, April 14, 1999.

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