A bank account referred to as a dummy account is typically held by a person who is not the actual owner. These accounts are commonly used in illicit financial activities such as fraudulent transfers, gambling, drug trafficking, or money laundering.
Dummy accounts can be obtained in two main ways:
1. Paying someone else to open an account.
2. Deceiving or stealing someone’s personal information to open an account.
Fraudsters often use these accounts to trick victims into transferring money via their debit or credit cards, pretending to need payment for goods or services. In reality, this is a scam to illegally profit from the transferred funds.
If anyone becomes a victim of a scam involving a dummy account, they can take the following steps:
1. Report the situation to the police.
2. Contact the bank to freeze the account.
3. Check the…
