Man outwits bank, gets sued

[mstng86]

Awesome.

In mother Russia, you screw the banks.

[Country cracker]

Maybe altering a companies legal document?

[Gtracer]

Maybe altering a companies legal document?

You can alter all day long until it is binding....

Did it all the time back in MTG banking; customers would file for Subordination or Mod and they would not like the Fee Schedule.

I had one guy who had his attorney make amendments to the legal disclaimer at the bottom of the schedule. If I had processed it, we would be held to that binding contract and it would have been my fault (the bank) for not having read it.

Fortunately though, we noticed and sent it on to our legal team. They reviewed the addendums and actually allowed some of the customers wording to stand. So it is due diligence on both ends that is required....not just on the customers side.

[Big A]

As much as it may not classify as fraud in your minds, I've seen enough reports of wrong verdicts being handed down, to not put enough faith in the fact that I'd be acquitted. If 0% is a big enough carrot for you, have at it.

The most likely outcome is that alterations would be discovered, surely the big banks here in the US have all sorts of technology to prevent this sort of thing. All it would take really, is a good OCR software that compares the customer signed document to the original, and flags any discrepancies for review.

[crapstang]

I'd like to say that. "I never read it!"

OH OK! You win, we understand!

[Chili]

As much as it may not classify as fraud in your minds, I've seen enough reports of wrong verdicts being handed down, to not put enough faith in the fact that I'd be acquitted. If 0% is a big enough carrot for you, have at it.

The most likely outcome is that alterations would be discovered, surely the big banks here in the US have all sorts of technology to prevent this sort of thing. All it would take really, is a good OCR software that compares the customer signed document to the original, and flags any discrepancies for review.

I bet you could sneak it by to many of them, without them noticing. I have worked for three very large financial institutions, they are not always as diligent as you would think.

I would never bother trying to do something like that, because I would not be willing to deal with the mess it would likely create, but I agree with the others that said this is clearly not fraud. I have been dealing with contracts of one sort or another for nearly 15 years now, and it is very common for companies to negotiate specific terms and conditions on them. As long as both parties agree, and the specific terms and conditions do not otherwise conflict with law, there is no issue with it. If the company is not smart enough to review the agreement to ensure alterations have not been made, and they countersign it, then that is their bad.

Now, even though it may not be considered fraudulent, there are still legal arguments that could be made that might nullify the agreement, particularly if there is a significant imbalance in how each party benefits from the agreement. But that is a whole other thing.

[Chili]

I'd like to say that. "I never read it!"

OH OK! You win, we understand!

You would not believe how many people give that excuse and fully expect a company to agree. Hell, I just had someone tell me that within the last couple of weeks. "Well I did not understand that part".

[EW]

Not fraud if they agree to it. By issuing the card, they agreed.

[Baron Von Crowder]

wait a sec... They gave him the card at his terms, or they gave him the card at his terms? Did he charge shit, not pay the interest, and then call the bank out on the application's changes? Or did the bank catch that they werent making any money on that account?

[racrguy]

They probably tried to tell him that he owed interest, and he pulled out the contract that he signed that they agreed to and told them that he didn't, according to the contract.