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Phantom Withdrawal

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Phantom Withdrawal
A situation in which money is taken from a person's account via an ATM but the bank does not admit bank error and the account holder claims he/she never made the withdrawal. It is a type of identity theft but it may be difficult to determine whether the account holder or the bank is responsible for the loss. Phantom withdrawals are relatively rare.


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Ladbrokes' spokesman Balthazar Fabricius said: "I have spoken to SIS and there was a phantom withdrawal.
PC John Munden, 45, became the first person in Britain to land in court after claiming his building society account had been stripped of cash by phantom withdrawals from hole-in-the-wall machines.
Arthur Hitch was forced to withdraw Alwyns Charm from a Henlow maiden last December when the dog was entered by a hoaxer, whilst famously back in December 2001, Nervous Paddy was granted special dispensation by the NGRC to run in The Peter Derrick National Sprint at Nottingham, having been the victim of a phantom withdrawal.
 
 
 
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