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Scam alert.......important.....please read(10 posts)

Scam alert.......important.....please readIzoard
Sep 20, 2003 8:19 AM
Hello,

I know this post does not belong on this board, but I wanted to post it here where it will get a lot of visibility and not scroll off after a day. I can provide more details (pictures if needed) and post this somewhere else on this site at a later date if instructed.

I have received two separate offers for a frame I am selling on this site- in both situations the supposed buyer is willing to send me much more $$$ (several thousand dollars) than I have asked for my frame and then to wire his associate (who owes him- the buyer- money or a favor) the balance via Western Union or Moneygram.

Fraud buyer #1 (calls himself Lewis Lynn) had someone send me a US cashiers check (for $6500 for a frame I am selling for $1400) from a US bank, however, the FedEx envelope with the check inside was sent from Lagos, Nigeria.

I was not born yesterday- the check is fake. I will be going to my local Washington Mutual Bank (the bank where this check was suppose to have originated) to turn this check in.

Here is his e-mail to me:

"thank for your quick response,i am will to buy from you,i will also pay as soon as possible,please i will be paying in a cashiers (american certified)drawn in your name,that is the fastest way i can pay you,i will forward your data to my associate in the state send you a chegue of $6452,please i know the amount is more than the price,i will need you to send the remaining balance to my international shipping agent in uk,please i need your trust in this transaction,i will pay $200 for your movement.please you have to be faithful and loyal and also trustworthy.
please this are the datas i need from you to forward to my associate,
name.........
address........
zip code.......
state..........
country.........
phone..(home,office&cell)
please mail me as i have stated.
i will get back to you as soon as possible.
mr lewis lynn"

Fake buyer #2 pitchs is similar.

Here is his e-mail:

"Thanks a lot for the mail and the price is now okay by me so this is how we are going to seal this transaction There is an associate of mine in the US who is owing me $8,000 i am going to instruct him to send you a check for that amount,and when it clears your bank you can now send my balance by MONEYGRAMM.The reason why i am doing this is that a check sent from over here in UK would take like 20days or more to clear whereas a check sent within the US would clear almost immediately check.Although i know that the value of the check is more than the price of the item but
i am willing to trust you with my balance So if this offer is acceptable to
you,let me have your contact information so that i can instruct my associate to send you a check,that is your name,address and phone number Please get back to me as soon as soon as you get this mail so that i can know your decision.I am banking on my balance so that i will be able to settle my shippers here in there local office because it is cheaper and faster.My regards to the family.
Mac Davies."

I have instructed "Mac" that he can indeed send me a check for $8000, but I will not transfer $$$$ from my account and I will need 7-10 business days for the check to clear all the Federal Reserve Bank.

I have not heard a follow-up from "Mac".

The important thing to remember is that when you cash a bank check the balance will show up in your account by midnight, but it takes 5-10 business days for the bank to get its money from the Federal Reserve. If the Fed finds the check bad, the money will immediately be withdrawn from your account w/o notice. I cashed a suspicious cashiers (informed the bank manager too) check 2 weeks ago and eventhough the $$ was in my account the next day, it was withdrawn 7 days later without notice. Had I removed all the money in my account and my bank then found out about the fake cashiers check, I would have been in big trouble.

These fake cashiers checks are good enough to
re: Scam alert.......important.....please read; .. yes! Nigeria!t5rguy
Sep 20, 2003 9:43 AM
Over here in Europe a lot of money scams from Nigeria have occurred; so your mention of Nigeria rings a bell. Your action
''I have instructed "Mac" that he can indeed send me a check for $8000, but I will not transfer $$$$ from my account and I will need 7-10 business days for the check to clear all the Federal Reserve Bank. ''
was very wise, and got the fitting response (none).

I guees you were alerted earlier, the moment this guy offered to send $6000!
re: Scam alert.......important.....please readxcmntgeek
Sep 20, 2003 5:13 PM
Yea, someone tried to pull that on me in the Spring when I was selling my Schwinn Fastback. I started asking questions and they somehow vanished.
Standard scam techniqueKerry Irons
Sep 20, 2003 5:53 PM
This exact approach has been in the papers a lot lately. Offer you more than what you asked, send a fake cashier's check, get the goods. The delta between asking price and offer is going up to take advantage of people's greed. My friends in Nigeria keep offering me a good percentage of many millions of $, so you're getting cheaped out!
News?53T
Sep 22, 2003 6:00 AM
It is kind of comical that papers would be reporting on this rather aged scam. See the link below:

http://j-walk.com/other/conf/index.htm
continued.........Izoard
Sep 21, 2003 11:04 AM
These fake cashiers checks are good enough to fool your local bank and have money deposited into your account within one day. However, as I found by depositing one of these phoney checks, it takes the Federal Reserve 5-7 business days to move the check through the bank system. Once the Fed finds out the check is no good, the money will immediately be taken from your account with out notice.

I checked in with my bank twice after the money was in my account to tell them I thought the check was fake and they insisted it was good because they (my bank) got paid by the Fed- my bank was wrong. The money was withdrawn from my account on the 6th business day. Had I withdrawn enough money as to not have been able to cover the money my bank wanted back, I would have been in big trouble.

The whole scam centers around you seeing that the money is in your account to and immediately withdraw the balance from your account and transfer via Western Union or Moneygram.

Don't be fooled.

Izoard
What if...filtersweep
Sep 21, 2003 2:25 PM
what if you went to Joe's Check Cashing center with the money order and just had it cashed (and had them take out their 15% fee, or whatever)?

Granted, you are screwing them over- assuming it could even be done-
So now YOU become the scammer? What a concept! (nm)Kerry Irons
Sep 21, 2003 5:26 PM
wouldn't workjhr
Sep 22, 2003 10:26 AM
Any bank, and in particular, Joe's check cashing service will require you to endorse the check on the back. The endorsement operates as a guarantee of payment by the endorser (i.e. if you endorse the fraudulent check you are in effect guaranteeing payment to all holders of the check after you). You can endorse a check "without recourse" by righting those words above your signature. You are in effect fufilling the second purpose of the endorsement (identification), but at the same time refusing to guarantee the instrument. Banks usually go through the roof if you try and do this (tellers don't always pick up on the notation). They will claim you can't do that, but the law says you can. Their remedy is not to transfer the funds to your account until the check has fully and finally cleared (ie the deposited funds are not available to you for several days, until the check clears and the time for the fed. to undo the transaction has passed).

On a different note, many banks will require you to endorse a check that you made out to "cash" even though you are cashing it at your own bank. My bank used to make me do it when I went in to get some spending money. The teller would watch me write a check to cash, and then ask me to endorse it on the back. In effect, I was guaranteeing my own check a second time (first when I signed on the front and then a second time with the endorsement). Since the teller watched me do both, one is no better than the other. The bank has two guarantee's or two forged signatures. Theres really no prohibition against it, its just kind of silly.

I won't address the issue that if you knowingly cash a bogus check thats fraud and/or a crime.

jhr
re: Scam alert.......important.....please readVeloflash
Oct 5, 2003 7:20 PM
Suspicion # 15

If he was really from the UK he would be spelling "check" as "cheque." One of the many spelling variations of the phonetic between US English and UK English (tire and tyre etc)