How common are phantom withdrawals?
One of the purposes of this website is to get a better idea of the answer to this question. There was a wave of this sort of fraud in the early nineties, and few if any phantom withdrawal cases have attracted significant attention until since the mid two thousands, phantom withdrawals have steadily gone on the rise. Bank fraud investigation departments deal with tens of thousands of fraud cases each year and have full-time staff investigating each case. Normally of course, a probable explanation is found, and the dispute resolved, so only a small proportion of these cases end up as long-term phantoms.
