I'm really sorry if this is posted in the wrong section. I did spend some time trying to get it right but I am not sure if this is...
I have been exposed to thieves who have stolen my phone and then made over 500 calls an hour where some of the calls cost up to $500. Of course I have blocked my SIM card, but the damage has been done and I am very curious about how the phone companies can let this go through so easily.
I have been in touch with my phone provider (and during the incident I was abroad). My phone provider says they are still negotiating with the abroad phone provider. My phone provider is also a very small company but they said they've been working day and night with this issue.
I will be very straight to the point and ask the questions that I am very curious about:
What device do the thieves use in order to make hundreds of calls per minute?
How can the organizations who make the calls with the stolen phones not get caught? I mean every single transaction is tracked and in order for the thieves to withdraw any money they should have to provide an identity, and bam they should be easy to track down and get charged for the crime?
How can the phone providers (who probably deal with this every day) not be able to block transactions of tens of thousands dollars that are going from one phone to the organizations keeping? It feels like the phone providers are getting paid by the thieves, as long as the phone providers let's those transactions through.