Highlimit9000
05-18-2004, 01:07 PM
Counterfeit Check Schemes
JUST BECAUSE ITS A CASHIERS CHECK, DOESN'T MAKE IT 100% LEGITIMATE!
Caught it on FBI Website before it occured! I Even spoke with the 3rd party buyer several times about the transaction...He was ready to send the check... It was going down exactly like the FBI warning states below...Be suspicious if it is anywhere outside US and they are looking for a boat and wanting to send a cashiers check with excess funds to be wired back to them for shipping and commision!
A counterfeit or fraudulent cashierÂ’s check or corporate check is utilized to pay for merchandise. Often these checks are made out for a substantially larger amount than the purchase price. The victims are instructed to deposit the check and return the overage amount, usually by wire transfer, to a foreign country. Because banks may release funds from a cashier's check before the check actually clears, the victim believes the check has cleared and wires the money as instructed. One popular variation of this scam involves the purchase of automobiles listed for sale in various Internet classified advertisements. The sellers are contacted about purchasing the autos and shipping them to a foreign country. The buyer, or person acting on behalf of a buyer, then sends the seller a cashier's check for an amount several thousand dollars over the price of the vehicle. The seller is directed to deposit the check and wire the excess back to the buyer so they can pay the shipping charges. Once the money is sent, the buyer typically comes up with an excuse for canceling the purchase, and attempts to have the rest of the money returned. Although the seller does not lose the vehicle, he is typically held responsible by his bank for depositing a counterfeit check.
JUST BECAUSE ITS A CASHIERS CHECK, DOESN'T MAKE IT 100% LEGITIMATE!
Caught it on FBI Website before it occured! I Even spoke with the 3rd party buyer several times about the transaction...He was ready to send the check... It was going down exactly like the FBI warning states below...Be suspicious if it is anywhere outside US and they are looking for a boat and wanting to send a cashiers check with excess funds to be wired back to them for shipping and commision!
A counterfeit or fraudulent cashierÂ’s check or corporate check is utilized to pay for merchandise. Often these checks are made out for a substantially larger amount than the purchase price. The victims are instructed to deposit the check and return the overage amount, usually by wire transfer, to a foreign country. Because banks may release funds from a cashier's check before the check actually clears, the victim believes the check has cleared and wires the money as instructed. One popular variation of this scam involves the purchase of automobiles listed for sale in various Internet classified advertisements. The sellers are contacted about purchasing the autos and shipping them to a foreign country. The buyer, or person acting on behalf of a buyer, then sends the seller a cashier's check for an amount several thousand dollars over the price of the vehicle. The seller is directed to deposit the check and wire the excess back to the buyer so they can pay the shipping charges. Once the money is sent, the buyer typically comes up with an excuse for canceling the purchase, and attempts to have the rest of the money returned. Although the seller does not lose the vehicle, he is typically held responsible by his bank for depositing a counterfeit check.