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NY Payroll Company Vanishes With $35 Million
This communique came after employees at companies that depend on MyPayrollHR to receive direct deposits of their bi-weekly payroll payments discovered their bank accounts were instead debited for the amounts they would normally expect to accrue in a given pay period.
To make matters worse, many of those employees found their accounts had been dinged for two payroll periods — a month’s worth of wages —leaving their bank accounts dangerously in the red.
The remainder of this post is a deep-dive into what we know so far about what transpired, and how such an occurrence might be prevented in the future for other payroll processing firms.
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NY Payroll Company Vanishes With $35 Million
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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
F.S. Fitzgerald to Hemingway:
"Ernest, the rich are different from us."
Hemingway:
"Yes. They have more money."
(Score: 2) by sjames on Friday September 13 2019, @07:11PM (1 child)
This never seems to work the other way. For example, how likely is it that the people who are now screwed can call up the bank and say their payments to the cable company were in error, please yank those back and have any action taken?
(Score: 1) by nitehawk214 on Friday September 13 2019, @08:29PM
Bank error is never in your favor. You will never collect $200 from it.
"Don't you ever miss the days when you used to be nostalgic?" -Loiosh