(Credit Union Times) Boma Robert Spero-Jack suddenly has many mouths in banking security making worried sounds.
That’s because the Louisville, Ky., man apparently used mobile remote deposit capture and a Bank of America account to deposit 32 Western Union money orders that he also cashed out at a Kroger. That means he used mobile RDC to in effect double his money.
All in all, Spero-Jack made off with $12,620, according to police reports.
And this theft now is reigniting old fears that mobile RDC could easily be harnessed by crooks intent on double dipping with the same financial instrument.