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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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Life would be so much easier if we could just look at the source code.
-- Dave Olson
(Score: 2) by jmichaelhudsondotnet on Saturday September 14 2019, @06:25AM
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.