Cloud Payroll Service goes out of business, steals money from customers on the way out

We've talked about smart home devices getting bricked by the manufacturer going out of business. Here people are getting paychecks stolen from them. It really is hard to trust a cloud service that doesn't have major backing these days.

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The problems created by the closing of MyPayrollHR may take a long time to resolve. The FBI has been contacted and lawsuits are expected. Employers are trying to clean up the mess.

...last Thursday began like any other day -- until an employee called. The employee's deposited pay had been withdrawn from her account. The same was true for all seven of the organization's employees.

...Agape Animal Rescue wasn't alone in its experience. Not long after Willis spoke with MyPayrollHR, the Clifton Park NY-based firm said it was closing "due to unforeseen circumstances." The firm had some 4,000 customers, mostly SMB-sized businesses. The total payroll involved was about $26 million. That money is gone and there is no explanation for it. It's unclear how many workers saw reversals in their personal bank accounts.

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