Scammers exploited a glitch in New York Metropolis’s Summer time Youth Employment Program, utilizing pay as you go playing cards meant to pay youth for work to run a large ATM rip-off. The playing cards had a $200 transaction restrict however no limits on transactions. Over three days, scammers withdrew about $17 million, generally taking out tens of 1000’s of {dollars} without delay. The scheme unfold on social media as individuals bragged about their hauls on TikTok and Instagram. The NYPD and the Division of Youth and Neighborhood Improvement launched investigations. Officers stated no taxpayer funds had been misplaced however did not make clear who was absorbing the losses.
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