PayPal Complaint - Account Hijacked
VERMONT -- My friend has an account with Paypal which is set up to take automatic withdrawals from his checking account. About 6 weeks ago he and his wife deposited 14 grand in his account at the bank. Within 2 weeks someone hacked into his Paypal account and stole almost all 14 grand. He went to his bank which is Merchants bank in Burlington Vt because he received a overdraft notice. When they got there and they asked where is their money they showed them several sheets of withdrawals done by Paypal some days over 20 withdrawals. That alone should have been a red flag he contacted Paypal and they said they would do investigation. He got told that it was a company in a foreign country that was doing the withdrawals on his Paypal account. He has received several notices from Paypal that they would refund his account but to this day nothing. Paypal and the bank both should have noticed this activity because this was not normal for him. I told him to call the banking commission here in VT and talk to the attorney general plus the FBI because it is interstate theft.
I hope he gets his money back and now watches account at the bank carefully. He thought because you have a password and Paypal is supposed to be a secure sight that it is not. My advice is to watch all accounts with Paypal and banks.