Yes and no. Banks, law enforcement and other entities do what they can to inform customers of various scams and frauds that are out there; the one you described, is just one of many. As a consumer, you can be scammed in many ways, with counterfeit cash, money orders, personal checks, cashiers checks (need I go on).

While it is frustrating on your end and your anger misdirected at the bank, law enforcements hands are tied as well. How do you send a local detecetive to Cananda or overseas to deal with this type of whiite collar crime when a rape, murder, etc... happens right in their own town?

There are many ways that these and other types of fraud can be prevented and yes, most all of it falls on the consumer.
Probably not what you wanted to hear, but reality none the less.

Yes. I am very angry with the loss of $5,600. Maybe it is not a big money to you but to me. I only have less than $100 and my next pay will be after two weeks. I don't have family here either. I really have no idea what I should do next.

Back 15 years in Singapore, once the stealers were caught, their fingers or hand will be cut off. The punishment to thief is pretty severe. Therefore, there are almost no thief at all because the cost of steal is too high. I didn't mean I like this rule. But at least, if people knows they will be caught easily and punished severely. They may not consider to cheat. Just becuase the system of law enforcement has too many holes.

I think we're all in agreement that we'd like for the punishment for these scams to be quick and severe. The problem is that we can't get to the criminals! They're usually in another country, and US law enforcemnt has no way of identifying them or apprehending them.

We all think $5,600 is a lot of money for a person to lose. As much as we sympathize, though - it's not the bank's fault, and it's not law enforcement's fault. We're doing whatever we can to stop this, but we just don't have many courses of action!

The cheater's name is [Deleted to avoid potential litigation].

His email account is [Deleted to avoid potential litigation]

Now I would suggest that you direct your anger to education-educate, educate, educate. Talk to your neighbors, friends, etc. Ask your local banker (Fraud/Security Officer) to come and talk with any group that you are involved with. HELP US put a stop to this type of crime, at least from this end!

I'm locking this thread. It's exhausted its potential for added useful information.