The Summer Youth Employment Program in New York City, the largest of its kind in the nation, has encountered a severe scam this year. This situation has led to a loss of approximately $17 million over three days. Participants without bank accounts receive debit cards, which have been compromised. TikTok has been a platform for the spread of this scam, where participants were targeted with offers for their cards. Authorities are currently investigating the incident to understand the nature of the fraud and its implications.
This year's Summer Youth Employment Program has been marred by a significant scam, resulting in the loss of around $17 million within just three days.
Participants without bank accounts are issued debit cards for paycheck access, but this system became vulnerable to exploitation, leading to widespread fraud.
Junior job seekers were targeted through TikTok, with scammers promising money in exchange for their debit cards, indicating a troubling trend in online fraud.
A TikTok user criticized the exploitation of SYEP participants, emphasizing a need for integrity and warning against viewing every situation as an opportunity for profit.
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