Re - PAYMENT METHOD

[Mark L. Chang]

I've updated the scams page on the Marketplace. Please feel free to
comment!

On Fri, Jun 27, 2003 at 07:35:36PM -0600 or thereabouts, aL pOWELL wrote:
> I'm surprised someone else on this group hasn't heard how this scam works.
> It has been covered in media for months. The scammer "overpays" you with a
> cashier's check and you "refund" the overpayment to them.....
>
> Everyone thinks that a cashier's check is gold - but it is NOT. The trick
> with the scams discussed is that they mail you a fake cashier's check. You
> take it to the bank which accepts it. You then assume you actually have the
> money.  The bank will tell you that you have the money. They will swear that
> a cashier's check is valid, and that you have nothing to worry about. Don't
> believe a word they say; it is NOT true.
>
> YOU DO NOT have the money when the cashier's check is bad, regardless of
> what the bank tells you. It takes 7-10 days for the check to actually be
> processed, at which time it will come up bad. After this, the bank will
> apologize and do nothing for you at all. You will have no recourse.
>
> In the meantime, YOU have sent good money to the scammer.  You are then out
> the amount you sent. And since you have a bad cashier's check from an
> overseas fly by nighter, you are 100%, platinum-plated STUCK.
>
> ************************
> Al Powell
> Fort Collins, CO
> apowell at gocougs.wsu.edu
> ************************

--
I used to like political jokes until so many of them got elected!