Stories
Slash Boxes
Comments

SoylentNews is people

posted by Fnord666 on Friday September 13 2019, @10:56AM   Printer-friendly
from the who-needs-a-payroll dept.

Submitted via IRC for SoyCow2718

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.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2, Insightful) by Anonymous Coward on Friday September 13 2019, @11:07PM (1 child)

    by Anonymous Coward on Friday September 13 2019, @11:07PM (#893892)

    Any article like this that mentions the corporation and not the names of the people on the board, owners and investors, is helping them get away with it this time and next time.

    Entirely agreed.

    On the other hand, there are issues of mistaken identity, vigilante justice, and due process. If somebody were to say "Jack E. Smith is the culprit," they would be opening themselves up for a slander lawsuit, if not encouraging mob rule.

    I'm not sure where to draw the line.

    Starting Score:    0  points
    Moderation   +2  
       Insightful=2, Total=2
    Extra 'Insightful' Modifier   0  

    Total Score:   2  
  • (Score: 2) by jmichaelhudsondotnet on Saturday September 14 2019, @06:25AM

    by jmichaelhudsondotnet (8122) on Saturday September 14 2019, @06:25AM (#893991) Journal

    You know, this made me rethink my comment lol.

    That is another aspect of the lateral power grabs being abused by the system, there is this window before formal charges are filed where they can get away or pretend they are innocent. And then if the court system fails.

    I am not sure any other type of system would deal with this any better. If people dont follow news stories and the reputation system gets flooded with false identities and dual passports, the bad guys are really going to win.