Silk Road forums

Discussion => Security => Topic started by: cindelle on August 20, 2012, 08:56 pm

Title: problem at wells faargo
Post by: cindelle on August 20, 2012, 08:56 pm
went to purchase bitcoins through bitinstant using wells fargo. a ritual i practice very regularly. easy to do, i can even use the drive through. this afternoon i again, used the drive through, when the teller told me that there was an alert on the account i was trying to deposit into. she told me to hold on and she got a supervisor. after waiting about 5 minutes (felt like an hour), she came back and told me everything was ok and that the deposit went through. when i asked her what went wrong, she said that she had no idea, but that she had to get a supervisor to over ride the transaction. i know there have been issues with wells before, but i just wanted everyone to know about my experience.
Title: Re: problem at wells faargo
Post by: DarTarus on August 20, 2012, 10:06 pm
had the exact same thing happen to me today
every detail you just shared --- the teller called someone first though and then got the supervisor
but they came back and cleared it

no idea what to make of this -- anyone else ever seen this happen or have any insight?

maybe it's just a standard audit or something on the 'middleman' agency that's handling the account?
i went to their website later that afternoon and noticed some peculiar things about their home page
maybe they had been hacked somehow?

seems like it'd be one of those type of things
Title: Re: problem at wells faargo
Post by: Delta11 on August 20, 2012, 10:18 pm
Happens all the time, nothing to worry about it's just an automatic flagging by the system and tellers don't really have any permission other than to withdraw/deposit money (if you think about it most of them are young). I've had supervisors get called for deposits, withdraws, transfers, etc. I do shit bricks every time the teller smiles nervously and says "hang on one minute" and then leaves to get the supervisor. The paranoia kicks in and I'm thinking "Just run, they're calling the feds!"
Title: Re: problem at wells faargo
Post by: cindelle on August 20, 2012, 10:34 pm
i did shit bricks lol. and i know there was a thread on here a few months ago about something like this happening, but i couldnt remember if it was wells fargo or not? i usually use BOA and have never had a problem. used wells last week and it went fine. have to see now....
Title: Re: problem at wells faargo
Post by: whoosh on August 20, 2012, 10:50 pm
Heyo folks,

I'm obviously new to the forum as you can tell by my post count but I've been lurking SR for a week or so now. All of my trepidation is because of how unsure I am regarding getting USD into BTC and onto SR safely. The whole idea freaks me the hell out for obvious reasons. Do you mind explaining your processes of going Wells Fargo --> BTC --> SR? For me, it seems to be the closest process as to how I'd like to proceed since there are tons of Wells Fargos around here.

Also, is there a universal place to see what the BTC exchange rate is as of today? I looked a few days ago and it was like 12:1 BTC:USD but then I was lurking again yesterday and ran into a conversation saying that it went down to 7:1 over the weekend?
Title: Re: problem at wells faargo
Post by: Delta11 on August 20, 2012, 10:51 pm
I would use MP>BTC with a trusted vendor, sure you lose some money but hey it's fast and anonymous. Us vendors lose money to cash out too so I figure if we lose money to stay anonymous so should buyers  :D
Title: Re: problem at wells faargo
Post by: _M4LW4R3_ on August 21, 2012, 03:30 am
Heyo folks,

I'm obviously new to the forum as you can tell by my post count but I've been lurking SR for a week or so now. All of my trepidation is because of how unsure I am regarding getting USD into BTC and onto SR safely. The whole idea freaks me the hell out for obvious reasons. Do you mind explaining your processes of going Wells Fargo --> BTC --> SR? For me, it seems to be the closest process as to how I'd like to proceed since there are tons of Wells Fargos around here.

Also, is there a universal place to see what the BTC exchange rate is as of today? I looked a few days ago and it was like 12:1 BTC:USD but then I was lurking again yesterday and ran into a conversation saying that it went down to 7:1 over the weekend?


mtgox is the best place to look
Title: Re: problem at wells faargo
Post by: flwrchlds9 on August 23, 2012, 01:15 am
the entire idea of being on camera at a bank that has very long and regulated rules on keeping image and transaction data sounds horrible.
Title: Re: problem at wells faargo
Post by: DarTarus on August 23, 2012, 04:23 pm
I agree that the idea of being at the bank physically has issues that come with it
But frankly, that's how I learned to get on here and make things work
I use cash deposits (NO room for electronic deposit for BC) and then get BC from Mt Gox

For me this is how it works - might be better to do the drive up thing but I think you'd still be on camera - only then it would include your car's info if they can see the tag.

Back to the topic though -- it's good to hear that others have seen this and haven't seen anything come from it

I can understand how there could be several possibilities that could lead to an account being "flagged" but when it happened....it was worrisome

Noting else occurred though --- instant override and no further info was requested of me

I have both a local BOM and Wells F option for cash deposit and have been varying my routine between the two

Might be time to switch back to BOM for a little while
 :-X
Title: Re: problem at wells faargo
Post by: flwrchlds9 on August 23, 2012, 04:28 pm
i speculated on another thread that the FLAG might be due to some withdrawal or transfer restriction that had to be put on thanks to scammers. i do not know, it was an idea.

and yes nothing illegal about buying BTC. if you get screwed though, being on cam buying 1,000s of btc 2 weeks before u get busted with 50 kilos won't help your case legal or not.  :-X
Title: Re: problem at wells faargo
Post by: DarTarus on August 23, 2012, 04:37 pm
good point about the timing thing

which makes me wonder if BC purchases are tracked and prioritized the same way most drug enforcement activities seem to be

i.e. -- small purchases aren't that big of a concern given limitations with LE staffing / resources .....

I think we'd all be guessing to try and figure that out
But it makes me want to search this site for more historical conversations on how people think LE might be out there trying to counter TSR

After all, I don't know if there is a truly 100% anonymous way to go about this.

I think you have to hope to some extent that small transactions aren't going to be at the top of anyone's priority list for tracking/stopping
 ???