The Expert Podcast

• Zelle Payment System Scams: Millions of dollars have been lost through the Zelle payment system, which is used for sending money, similar to PayPal. The system, offered by Wells Fargo, Bank of America, and Chase, has been exploited by scammers for years.
• How Scammers Exploit Zelle: Scammers gain access to people's money by infiltrating passwords, tricking users into clicking links, or using codes sent to their phones.
• Consumer Complaints: Consumers have long complained about the ease with which the Zelle system can be hacked, resulting in stolen money.
• Government Action: The Consumer Financial Protection Bureau (CFPB) has taken action by suing Zelle and the banks for allowing scammers to exploit their platform and steal money from victims.
• What You Should Do if You’ve Been a Victim: If you’ve lost money through a Zelle scam, make sure to report your case properly and gather evidence to support it. For more details on how to file, visit activeintel.com.
• Expert Consultation: Victims can access live, one-on-one consultations with certified experts in consumer and corporate fraud to discuss their options and get advice on how to proceed.
• The Bank’s Responsibility: The banks made Zelle an easy and convenient platform for transferring money, but it has become a target for criminals. The lawsuit holds the banks accountable for not protecting consumers from these losses.
• The Frustration of Victims: Many victims have experienced frustration when banks refused to help, instead directing them to contact the fraudster directly, which often led to no resolution.
• Positive News for Victims: The government’s involvement signals that online fraud cases like these are being taken seriously, though recovery options for past victims are still uncertain.
• Availability of Experts: Experts in various fields, including investigations, insurance, civil court mediation, real estate, business development, and more, are available for consultation. Click the link below for access.
• Stay Informed: If you have questions or comments, leave them below. For more in-depth discussions, access one-on-one consultations with licensed professionals through activeintel.com.
• Thanks for Watching: We appreciate your time and engagement with this important topic.