A group of retirees could have fun with this.
Take $5010 and deposit it in one bamk, the next day withdraw $5001.
Take that $5001, add $9 and open another account at another bank.
The next day, taken $5001 out and go to another bank.
Open a third account with $5010.
Then every day, move the money ($5001) from account to account.
Within a couple of weeks, theyd have so many reports, they couldn’t
Investigate a tenth of them.
And if retirees do it, they could soon have a case for harassment of the elderly.