"Yes, the latest popular scam is for overseas people to offer to buy something from you (like if you post an auction somewhere). They promise to send you a cashier's check.
They give some song and dance about the check coming from a business partner that owes them money. They describe the check as being for more than the sale amount of your item. So they will "trust" you to wire them the difference (and send their item).
They send your fake, but slow to discover lack of authenticity cashier's check. You deposit it. Your bank incorrectly accepts it as valid. Your account balance increases. You wire the difference. You send the product. Your bank then discovers it is bogus and removes the money from your account.
You're now out the difference, plus the item you shipped."
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Date: 2004-10-22 02:55 pm (UTC)"Yes, the latest popular scam is for overseas people to offer to buy something from you (like if you post an auction somewhere). They promise to send you a cashier's check.
They give some song and dance about the check coming from a business partner that owes them money. They describe the check as being for more than the sale amount of your item. So they will "trust" you to wire them the difference (and send their item).
They send your fake, but slow to discover lack of authenticity cashier's check. You deposit it. Your bank incorrectly accepts it as valid. Your account balance increases. You wire the difference. You send the product. Your bank then discovers it is bogus and removes the money from your account.
You're now out the difference, plus the item you shipped."