2 Merchants Reacts to Punchmade Dev Scamming Tutorial

Yo, what's up everybody? It's Justin live from B2B Vault, the biz to biz podcast sponsored by Nationwide Payment Systems, hosted by this guy, the Marv Levy of payment processing himself, Allen Kopelman. And we'll be providing you educational information about fintech, small business payment processing, and the technology businesses are using in the world today. And in today's podcast, uh, the social media manager Sean, shout out to him, had a great idea. He had stumbled upon a video of a young guy who had basically made— the title of the song is Wire Fraud Tutorial. So I love hip-hop, you know, Allen, you know, I don't know if he much enjoys hip-hop as much as everyone else, but there are some songs. Yes, yes. And so he agreed to do a reaction video to this guy explaining how to do wire fraud. And but before we hop into it, man, how you doing?

Everything's good. You know, it's— we're doing it first, our first reaction video, so that's kind of cool.

One time for the one time. Yes. Uh, see how that goes. It's not like really difficult or, you know—

well, we've never done one.

Yeah, no, we have not.

We have not.

How are you doing personally?

I'm doing good. We're getting ready for the Jewish New Year, Rosh Hashanah, so we always say Happy Rosh Hashanah. And then you say, umetukah, umetukah. So you may have a sweet year. Shanah tovah, umetukah. So you have a good year.

It sounds very nice.

And a sweet year.

It sounds very sweet. It sounds very sweet. Yeah.

Then you have some honey.

If you say that to a young lady, she'd be blown off her feet.

Then you have some honey cake and you have to have apple.

Honey cake is really good.

You have to have an apple dipped with honey, and that's the— that's the— honey on an apple?

That's interesting. I don't think I've ever tried that.

That's the, uh, that's part of the tradition.

Yeah, in our household, for, uh, regular New Year, we would eat pickled herring.

Pickled herring? Yeah, I'm telling you, that's good. I'm telling you, got some Ashkenazi going there.

My dad said he's, he's, he's definitely Ashkenazi Jewish. Okay, so And my grandmother was— I always said that she was— anyway, I've said it a million times, but yeah, man, I'm doing all right. I'm doing good, actually. No complaints. Can't complain. No one listens to that anyway.

Kids are good?

Yeah. Today's my daughter's last day of Gladiator camp. Okay. Alternative school, whatever you want to call it.

I don't know.

Yeah. So she's finishing that up today. So good for her. I'm very proud of her. Shout out to you, Carolina.

I love you.

Lina Bean. Call her instead of Lima Bean, her name is Carolina. So Lima Bean, you know, it's Lina Bean. Got it. Yeah, I won't say what our other nickname is. It's too embarrassing. She wouldn't keep her shirt on. I'll say it. Her growing up, her name was Booby because she would take her shirt off and run around like she was a wild tribal, you know.

I had that too. My kids went through that little stage. My daughter would—

I'm talking about like, this was like from when she was like 2 up until she was 6 or 7 when she really, really—

No, they weren't doing it that long.

Yeah, no, she just didn't care. Like, she was like, I'm hot. Like, but you know, we had her in sports bras, but of course I just— her nickname was Booby. Okay, so, but she didn't like that, and she actually, when I call her that, she calls me princess. Oh, so yeah, so that's our little thing. Yeah, I love you, Carolina. I hope you have a good— had a good last day. Her mom got her a pair of shoes, so life is good. All right, life is grand, man. I mean, like I said, you can't complain. No one listens to that bullcrap anyway. So, but yeah, other than that You know, full steam ahead. We got a lot of projects going on. I'm building like 3 landing pages, launching 414 Merchant for all my people back in Milwaukee. Check that out, man. I'm gonna be offering merchant services for you guys. Yeah, so a lot of exciting new things are happening.

Yeah, we're busy and we're moving forward and gotta follow along with the Who Moved My Cheese? The cheese gets moved and we make our moves, so.

So business is all mazel tov to that, sir.

So let's jump in.

Yeah, let's listen to, uh, I mean, I, I'm not condoning wire fraud by any means. I love hip-hop, so shout out to Punch Made Dev.

I've, I haven't heard the song, so we're gonna hear it for the first time.

No, but yeah, so this is gonna be cool.

And information that follow are fictional and/or reenactments.

Damn, do not try this at home.

Guys, I keep hearing about— for the last 2 weeks I've been getting spammed with emails about some rappers with credit card chains. Most of you might not be aware, but there is a group by the name of Punchbait going around doing bank fraud, credit card fraud, check fraud, and all sorts of things.

Everybody listen up, this a—

damn, I said that last time.

Listen up, I'm going to show y'all how to hit a bank. Just pay attention, it's a quick way to jug in any state. First, you want to get a bank lock from a trusted site. Do your research because the information must be right. You got Trying to be on point, don't be sitting around trying to get high. Hit a big play, don't get booked for a petty-ass crime. Do they got Verizon or they work with Sprint? You gotta know that if you wanna hit this lick, you gotta call up to the company and SIM swap that bitch so you can get the phone calls and text messages that they get. You need that so you can log in with the code. But before you do that, make sure that you don't do this wrong. Don't let me find out that your dumbass tryna log in through the phone. You gotta change the location into their home. For that, you're gonna need an RDP server. It should come with their IP, you gotta plug it in the server. This might be a little hard, but it's hard being a worker. The bank will get they money back, so ain't nobody hurting. Access granted. You just got in the account. Don't be getting too excited when you see the first amount. A certain way. You gotta wire all the money out. Don't be fucking up the player, you gonna sit there down and out. Now you need a runner you can wire all the money to. Make sure you break them off a good amount, they gonna want money too. You might need them for another play, let them run in for you. Some banks be asking hella questions, so it's hard to do. Okay, you sim swap, got a runner in a bank. Now it's time for you to wipe down all the money that they made. Go and send the wire out, send it straight to the runner's bank. If you did everything right, then it's gonna be a piece of cake. Now that the wire went through, listen up, the money's basically yours if you don't somehow fuck it up. I can't forget my first play, I was somewhere turning up. Make sure you hit it while you can because the hams gonna burn it up. Have the runner go inside, tell them withdraw all the pay. If it's a big play, have somebody wait outside the bank because Trying to run off, but we don't play about our pay. Imagine doing all that work and someone run off with your play.

Wow. Did you catch any of that?

Yes. He literally— whoa, they went in the bank and got the money.

No, no, no, no. I mean, did you hear any— did you understand any of the lyrics that that guy was saying? Yeah, he literally told you step by step what to do.

He's talking about going on the dark web and going and get credit card numbers.

Yeah.

And then somehow you're gonna make up some credit cards using some software, and then you're going to go to the ATM machine and rob money out of it. There was just a huge one of these where it went down worldwide where millions of dollars was stolen. And what they did was they stole tons of ATM— they stole a bunch of credit card data, right? Right, for ATMs. Then they hit— I don't remember which banks they hit, but it was a bunch of different banks.

I mean, this guy obviously was targeting Bank of America.

Yes, he didn't like Punch Made Dev, bro.

Like, uh, he's in jail, bro.

Is he in jail?

No, no, no.

Okay, well, obviously. I mean, yeah, so let me tell you what this—

I mean, we're not talking about the— we're supposed to talk about this real quick.

I know, but I'm saying that's what he was talking about, how you summit. You get the credit card, you get the numbers off the dark web, right? You're— then you go make the credit card.

The, the part that I caught was very interesting was make sure you have the phone number but don't verify it through the phone. Turn the location on to their home. I was like, yo, do you need to— that guy is— these criminals, man. Yeah, they're smart.

Yeah, they're geolocating themselves to where they're supposed to.

They are Very smart, dude.

Yeah, they're getting very— the, the amount of fraud that's going on right now is tremendous.

How do they get the device for that? You could order that on Amazon?

No, it's very difficult. What they're doing now is— I showed you a video the other day— they're taking actual credit card, they, they get chips, and they figured out that they put the— they get credit cards and they put them in acetone. And then they get the chip off of it, and then that's how they do it. They get the— I'm gonna have to wait till I get a new— I'm getting a new credit card soon. I'm gonna, I'm gonna go get some of that acetone. That's how you get a nail polish off, right? And I want to see if that actually works, and we'll do a video. Yeah, it gets the chip off and then the wire, and then what they do is they just take it and, and Scotch tape it onto another on a blank plastic card, and then they go, they do a tap and pay because remember, you don't have to stick your card in all these machines anymore. So they can just tap and pay with that thing. But what they do is they try to steal, you know, they're— they just arrested some guys down here in Florida. They, they beat up a postal worker somewhere.

I've seen that.

And then they got this special key that opens up the big mailboxes and then they're stealing everybody's mail. What are they looking for in the mail? Checks and credit cards.

Of course.

So they grab, they steal the checks, and then they do, they use acetone.

That's an old grimy hustle, right?

Yeah, but let me explain to you, now it's much easier, right?

No, it's still, it's easier, but still, like, that's just the, I don't know, that's a lazy man hustle, man. Go do something with yourself.

No, no, but what they do is they open up an online bank account, and then you don't have to walk into the bank. They don't have to go into a check cashing store either. They just take a picture of it. Right now, front and back of the check, and they deposit it into an account. Then they go suck the money off with the ATM card, and then the money's gone. Then the check bounces, and then the banks, you know, they're the ones on the hook because the bank— they closed the bank account, they opened it up with a fake driver's license and a fake name and everything because they get the person's address. And then they make a bunch of those checks and they deposit— they'd make checks on you know, whatever, Susie's account. And then they set up their— then they have that person writing them a bunch of checks and they deposit them all into their bank account. And then they— by the time the bank figures out what's going on, it's too late. A couple of thousand bucks of checks is bounced.

Yeah.

And the person who— whose actual bank account it is is screwed. The same thing.

I mean, whoever taught this guy how to do that was a vet, a veteran.

Oh yeah, well, the big scam. I mean, there's been a couple.

It's crazy that the information is so out. Like, I mean, when I was a kid, like, there was like the Anarchist Cookbook, right? Like, there was stuff for you, you know. And then, and then all of a sudden came the, the dark web. I myself have never— I mean, I've been on the dark web, but I've never like really, really you know, took a deep dive, right? I remember doing a report on, an essay on the Anarchist Cookbook in college, and the police came to my dorm room.

Wow, that's crazy.

You know, and because I was doing the research inside of the library, right? They tracked, they was like, hey man, what's going on here? This is after, you know, 9/11, right? Obviously. So Yeah, they weren't playing. But so like, for this type of information, I mean, YouTube, I guess, has since pulled this video down. Shout out to YouTube. I mean, it kind of sucks because the, you know, he's just an artist, but shout out to Punchmade Dev, dude. He's nuts, bro.

So let me tell you what the— there's been a couple of these scams. This is what happened. Somebody broke into this bank system stole a bunch of debit cards, then they reproduced all the debit cards. Then they go out on like Craigslist or these other like weird messaging apps. I don't know, my son told me like apps where people use for Telegram. What's Telegram? What's— but not Slack, the ones that we never even heard of.

Oh, there's hundreds of them, right?

There's hundreds of these messaging apps.

Yeah.

Then what they do is they put a thing on there and they say, oh, you want to get— make a bunch— you want to make some money, here's how you make money. And then they tell everybody what this— what the scam is. So the scam is that just like you see in the picture on the video, the guy— they tell you to dress in a hoodie so nobody sees your face, and, and don't wear anything that you normally wear. Don't wear any like flashy shoes and all that. And then they'll send you like 5 debit cards. Then they'll tell you to go— then They'll have a specific time that they set up, like 11 AM Eastern Standard Time, right? And then all of a sudden, thousands of people that have these debit cards on that day get the message, it's go time, in an hour. And within a few minutes, thousands of people are going to the ATM, pulling out $500, $1,000 on these cards.

So they'll walk up to the ATM and get like a flash mob type of thing.

Yeah, like a flash mob. And it's been done like 2 or 3 times already.

Once we did— I actually remember hearing about that. That happened—

one just happened recently.

Yeah, not too long ago. Yeah, yeah, yeah.

One just happened. So yeah, they do it like a flash mob.

Is that in New York?

It was all over the world. People were— it was worldwide.

Oh no, I'm thinking something else. I'm thinking about the guy, Sai Lanai, the whatever— Lanai, Sai, I don't know.

No, they've had them where it's been like all over the U.S.

But I know what you're talking about. I do remember hearing about—

So then these people, they're the mules, right? So they go and they do it and they get— let's say they collect, let's say, because they'll give them like 5, 6 debit cards and they go to different banks. Right. And, you know, if you were in a place like New York or Miami, you could just walk down the street and just go ATM to ATM.

For sure.

Doesn't matter what ATM, you got the PIN code. By the time the bank figures it out, In 15 minutes, they robbed like $20 million or a bill— $20 million or $50 million, right? I forget the story because it all happened so fast. Another one was a payroll company got hacked that gave out payroll cards. They got all the payroll cards, and on payday, they went and, you know, because they know, like, oh, they send the money like on Thursday, so they were ready Friday morning went out to all the banks and hit and emptied out all the payroll millions of dollars off these payroll cards at the ATMs. And then the mule takes the cash, wraps it up in foil, or they go to Western Union and they just Western Union it to whatever direction that they got. By the time they figure out who did it, the money's halfway around the world, right? And it's crazy.

Non-traceable.

Yeah. Non— well, they, they sometimes find somebody. I mean, yeah, but But they don't.

Good luck with that.

Yeah, but it's all deep, you know, it's like those scammers that I watch on YouTube sometimes where they call on the phone. And this other thing, you know, he was talking about like the text messaging, right? So you turn off, you know, they're going to text message you from the bank. Oh, you got money out of the ATM right now.

He was saying, talking about verifying before that, verifying the account that you're setting up.

Right.

Because it's all real accounts.

Right. It's all real accounts.

And Yeah, that was crazy. I don't have a criminal mind like that, you know what I mean? To scam people.

But now there's—

I'm a hustler, man, but I'm not stealing from people.

But now we know about these scams, these scams involving Zelle, Cash App, Venmo, PayPal, where people are getting text messages and says, oh, hey, Justin, you didn't pay your car payment. You need to pay your car payment right away to the Bank of America or to Wells Fargo or to Chase, and they just hope that that's your bank. Yeah. You know, they don't know.

FPL. FPL is big on that list too.

Yeah. And then, and then you get a link and then it says, oh, log into your bank account or put in your credit card number. And then people do that. When they ask you to log into your bank, they're actually the scammers catching your bank information. Then they go and they hit your account and they go in there and they get go on your Zelle and they Zelle themselves $500. By the time you figured out it's done, it's too late.

You're crying in the river.

Now Zelle put in some stuff, but PayPal, Cash App, and Venmo, I don't think they've done anything with that. Congress—

Zelle, you said?

Yeah, Zelle put in a—

yeah, there's a two-step.

Yeah, you have to do two-step now.

So that they kind of definitely process—

they definitely put the kibosh on that because they send you a code if you add somebody. And you know right away so you can go put the kibosh on it.

Right.

And, and the, you know, but Congress has been up, you know, Elizabeth Warren and the Consumer Financial Protection Bureau. And I was, you know, I was reading that these scams, you know, not just like this scam, but like scams through text messages and email and all that.

Yeah.

Is into the billions of dollars.

Easy.

And most of these people are not in the US that are scamming people. They're in Nigeria. They're in India, Pakistan.

They messed up. I don't know, like, it's funny we were talking about it, but I think the way that people could just sign up for phone numbers.

Yes. That's crazy.

I think that's a problem. Yeah. I think it's a real problem.

Yeah, because you can get, I learned about this from this friend of mine who's a, he's like the mad king.

I can have multiple, I can have a phone for every, say I want one for every major city in America.

Yeah.

I can set up a voice account through T-Mobile and have an area code for any— for Milwaukee, Chicago.

Yeah, but there's easier ways to do it.

I know, there's a— but I'm just saying, like, I can have all those different numbers pointing to my phone, and it, it, you know, like, that's, that's kind of crazy to me. Like, I think that, that to, uh, that's adding on an easier way for the, for criminals to—

yeah, but they don't even use that. What they use is this thing.

They real use real phone numbers.

No, what they use this SIP, SIP.

Yeah.

And this SIP software, if you got to figure out how to use it— somebody showed it to me one time, I was like, that's way too complicated, I don't want to deal with that. And they showed me how they use that software to make what you're talking about, phone numbers for like every, every zip, every area.

What you're talking about is not the easy way, but that's the way that you have to do it if you're trying to hide something, right? Right, for sure.

And they can even use actual real phone numbers right? Yeah.

Which is even scarier with that, with the SIP, the way that they're able to mask numbers, man. Yes, that's, that's way over my head.

Yeah, they mask the number, then you call the number back and you get the real person. Yeah. And meanwhile, the scammer is scamming you because they're making it look like it's coming from a family member and all that. And, you know, and the other thing is AI is making this worse now because with AI they can do all this stuff much faster. What stuff? They can put these scams together on a much quicker—

I mean, I don't know, I don't know what they're using AI for as far as scamming.

So, you know, because they can make like a robot to make all the phone numbers instead of them.

Oh, I mean, typing it all that way, they're more efficient. Sure.

So they can—

I mean, criminals are hella efficient nowadays. In 2023, it's like You know, I don't even want to— it's like they're just— most of it's like blue-collar crime too, right? Like, they're not— it's not like they're out there robbing people with guns. No, they're not robbing anybody with guns. They're robbing banks.

They're robbing you halfway around the world.

But they're robbing the bank at the end of the day. They're not, you know, because your money's insured, like he said, you know, you're gonna get your money back. That's the, you know, that's the oldest, uh, like the flip side of the coin, right? Like the when a criminal is trying to process the intent or the reasoning or don't worry about it, man.

Like I was talking to a guy yesterday who has, they own a car dealership. And so some of the people do buy here, pay here. They have to pay weekly, biweekly, right? So they run out of money, they go on the dark web or they steal a credit card number from wherever they work. Steal somebody's credit card and then they go pay their car payment online, right?

That just, that's just so sketchy to me. Like, man, I, I don't know. I'm from a different era. I grew up in the '90s, man. So my idea of hustling is different, you know?

So I'm just saying they're extending the time they can keep the car before it gets repoed. They're gonna go repo the car anyway. Yeah, it's just extending it for another couple of weeks.

This The scammy thing, I don't know, I don't like thieves. Like, you know, like I said before, you steal a grain of rice from out of my house, I want to chop off your hand.

So that's how they do it in some countries.

I think it should be like that. Yeah, by the digit, not the whole pinky, you know, like your first offense. Yeah, they cut off a finger or a digit. I say the digit first. You get the digit. Oh, you steal, you stole again, now you're gonna get the whole pinky. Next time, whole finger. Next time, whole hand. After that, you know, 3 strikes, you're out, bro. You know what I mean?

Well, I think the person would learn the lesson the first time.

Yeah. Eye for eye, tooth for tooth, life for life.

But you know, this cybercrime is really serious. I mean, I get probably 10, 20 messages a week between email and LinkedIn messages. Oh, do you have cybersecurity set up in your office? And then they want some insane amount of money, like $100 per device. I mean, they can't even prove that what they're, what they're going to sell you is going to do anything. You know, you have to use a lot of common sense and don't open emails if you don't know who the email's from. Delete it. Don't open up attachments.

Yeah, you know, literally says spam in the subject line for a reason. Like, just because you see, or you may notice that the, the email might be coming from a familiar, uh, domain or whatever If it says spam in the, in the subject line from whatever your email provider is, I don't know, you know, Google, whatever. Google usually automatically does a good job at sending those types of things to spam, right? But if you— if it does get, you know, don't click the links, bro, please.

If you don't know who it's from, don't open it up. I had one the other day that looked really real from a client. And I was like, why are they sending me some, you know, like an attachment, right? So I didn't open it. I called the person on the phone. He was like, oh yeah, he goes, I think somebody hacked my email. I go, well, you better go like, you know, change the password and everything because somebody was— somebody hacked his email.

Yeah, business owners are a trip.

And I'm like, you know, you gotta, you gotta, you know, make sure you have secure passwords and all that. So, you know, be careful. You need to be mindful. People need to pay attention, not get caught in scams. Monitor your bank account and also set up some kind of free credit monitoring so that you're monitoring your credit.

Like, yeah, man, shout out to Punch Made Dev.

Yep, Punch Made Dev. That was a cool song.

Yeah, man, educating people on how to scam. That's nuts. But, you know, shout out to the art. Anyway, subscribe to the channel, smash the like button for us for the one time. We check you out next week.

Peace. Peace. B2B Vault, carpe diem.