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Gold/Mining/Energy : Gold Price Monitor
GDXJ 126.67+0.4%Jan 14 4:00 PM EST

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To: CuriousGeorge who wrote (4068)12/10/1997 7:27:00 AM
From: Mark Bartlett  Read Replies (1) of 116856
 
Curious George,

I saw this on the Kitco thread this am .... not directly related to gold, but if true, could spell big trouble for Microsoft and their future potential earnings.

From Kitco:

<<A few months ago, I started being billed by MSN Networking, for
services that I had never applied for. They were deducting $9.90 a time, from my Visa account, anywhere
up to three times a day, two or three times a week. These fees were for a service, I have never subscribed to. I had never given them my Visa number. Where they got my Visa number from, is still a mystery to me. When I telephoned my bank, to inquire about this fraudulent use of my Visa card, they replied that I would have to shut down my Visa card and reapply for a new one, to have the deductions stopped. Upon further inquiries with the bank, they stated that up to 1/3 of their customers, were complaining about the same deductions, being madeto their Visa accounts.

I authorized my bank, to do a query on these periodic deductions.
In the 'Australian' newspaper, there have been numerous letters to the editor, regarding this matter. Today, I received a telephone call from my bank, to say that they were going to shut down my Visa account, and start a new one for me. The person I spoke to also stated that their bank would be proceeding
with charges, against Microsoft, for fraudulent use of somebody else's Visa card, without authorized permission. The person also stated, that quite a high percentage of their banks
customers, were in the same position.
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Have you had any similar charges and complained?
Is this how Microsoft conducts their business and garners its profits? here is Microsoft obtaining these Visa numbers from?

It seems that they have obtained thousands of unauthorized Visa
numbers and are fraudulently using them.
How many other banks, and different plastic cards, are they also doing this to? In how many other countries are the doing this?
For a company like Microsoft to undertake this style of fraudulent behavior, is amazing.

And the scale that they appear to be doing it on, tells a story in itself. >>

If this is true - it could seriously impact not only Microsoft - but other hitechs too.

MB
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