Case Description:
"I dealt with a new buyer and he placed an order very quickly. Soon after, I received a USD$6,000 cashier's cheque from him; however, the amount of this check was in excess of the purchase price. I was requested to wire the balance back to him. I deposited his cheque and then sent out the products. I also wired back the balance as requested. Then, I was informed by my bank that the buyer’s cheque was fraudulent. I lost both my money and merchandise to a scam".
Analysis of this case:
If you're faced with a situation that looks anything like this, you're probably experiencing a cashier's cheque fraud. The fraudster will pretend to be a buyer and pay you a cashier’s cheque which is in excess of the purchase price. The cheque will be from them or a third party. However, don't ever send money until you find that the paying bank has actually paid the funds into your account. The trick of the cashier’s cheque fraud is that the payee’s bank credits the seller's account before the funds have actually arrived from the paying bank. Therefore, it looks like the funds have cleared and everything is OK. Here are some tips if you encounter similar situations:
1. It is ALWAYS too good to be true. No buyers will make a rush decision without discussing the details of your product. Ask your potential buyer more questions.
2. Don't be hurried along by your buyer. This is often a tactic used by fraudsters to get you to make a mistake.
3. Check the details of any payment received. Do they correspond with the information given to you by your buyer? If you are paid by company cheque or banker's draft, then try to contact the company directly to verify its legitimacy.
4. Confirm details with your bank. Your bank will be able to give you guidance and clarify the status of any payments received.
5. If you do lose money to this type of fraud, then report the matter to your local police and contact the Alibaba service team at alibaba@alibaba-inc.com.
Re: Re: Fraud Case Study 9 Cashier's check fraud
by simplynontoxic on 05 Jun 2008 11:19
Quoting from [GG Bonne Vie]:Quoting from [ResourcesAdmin]:Case Description:
"I dealt with a new buyer and he placed an order very quickly. Soon after, I received a USD$6,000 cashier's cheque from him; however, the amount of this check was in excess of the purchase price. I was requested to wire the balance back to him. I deposited his cheque and then sent out the products. I also wired back the balance as requested. Then, I was informed by my bank that the buyer’s cheque was fraudulent. I lost both my money and merchandise to a scam".
Analysis of this case:
If you're faced with a situation that looks anything like this, you're probably experiencing a cashier's cheque fraud. The fraudster will pretend to be a buyer and pay you a cashier’s cheque which is in excess of the purchase price. The cheque will be from them or a third party. However, don't ever send money until you find that the paying bank has actually paid the funds into your account. The trick of the cashier’s cheque fraud is that the payee’s bank credits the seller's account before the funds have actually arrived from the paying bank. Therefore, it looks like the funds have cleared and everything is OK. Here are some tips if you encounter similar situations:1. It is ALWAYS too good to be true. No buyers will make a rush decision without discussing the details of your product. Ask your potential buyer more questions.
2. Don't be hurried along by your buyer. This is often a tactic used by fraudsters to get you to make a mistake.
3. Check the details of any payment received. Do they correspond with the information given to you by your buyer? If you are paid by company cheque or banker's draft, then try to contact the company directly to verify its legitimacy.
4. Confirm details with your bank. Your bank will be able to give you guidance and clarify the status of any payments received.5. If you do lose money to this type of fraud, then report the matter to your local police and contact the Alibaba service team at alibaba@alibaba-inc.com.
I had someone to walk into the bank and deposit a cashiers check into my account. I knew nothing of it until I checked my balance and there was 65,000 in my account. I had no clue of where it came from I think I know because someone on here ordered a large order from me and said that the wire transfer got messed up all of this was shortly after i had given them wiring instructions for payment. It has been over 2 months now an I have still not got payment for the order. However the bank closed my account an is now investagating this fake cashiers check from Dallas Tx,
Hello, I also got an email from this stupid person. I kept him luring to contact me and I got to track this individual details so if anyone would like his computer details please contact me at www.simplynontoxic.com
You can contact the cyber crime with the computer details and get him behind the bars.
STAY AWAY FROM THIS STUPID PERSON
Re: Re: Fraud Case Study 9 Cashier's check fraud
by GG Bonne Vie on 20 Jun 2008 06:20
Quoting from [Cheekoo]:
Replying to [ResourcesAdmin]: I had a same scene in my business, I was contacted by a guy from Nigeria for T-Shirts, he sent me advance payment check for the same and that check even got cleared by our bank then that Nigerian guy kept pushing me to ship the products at the earliest. You won't beleive it, we were getting our T-shirts loaded in DHL's Truck when we received a call from our bank that they have received a telex from NY's Bank and that check was fake, it was really close, we were about to lose our US$7000.
I have had 2 fake Cashier Checks from people on here wanting my products. Thank goodness that I told them i would not send product until the check cleared. It seems that all I have got on here has been one scam after another. Please be careful and make sure any check that you get clears before you send products.
Re: Fraud Case Study 9 Cashier's check fraud
by whittensmidwest on 05 Jan 2009 18:45
Quoting from [ResourcesAdmin]:The buyer will also tell you that there is a certain amount of money in a western union account you are to use to speed up the delivery of the product. I am not sure how true this is. I checked with the bank the cashier check was supposedly sent from before I got to the western union part of this scam. It seems that they are hoping you will spend your money to get them the product quickly, then reinburse yourself with the money "in the western union account". I am almost positive there is no western union account.Case Description:
"I dealt with a new buyer and he placed an order very quickly. Soon after, I received a USD$6,000 cashier's cheque from him; however, the amount of this check was in excess of the purchase price. I was requested to wire the balance back to him. I deposited his cheque and then sent out the products. I also wired back the balance as requested. Then, I was informed by my bank that the buyer’s cheque was fraudulent. I lost both my money and merchandise to a scam".
Analysis of this case:
If you're faced with a situation that looks anything like this, you're probably experiencing a cashier's cheque fraud. The fraudster will pretend to be a buyer and pay you a cashier’s cheque which is in excess of the purchase price. The cheque will be from them or a third party. However, don't ever send money until you find that the paying bank has actually paid the funds into your account. The trick of the cashier’s cheque fraud is that the payee’s bank credits the seller's account before the funds have actually arrived from the paying bank. Therefore, it looks like the funds have cleared and everything is OK. Here are some tips if you encounter similar situations:1. It is ALWAYS too good to be true. No buyers will make a rush decision without discussing the details of your product. Ask your potential buyer more questions.
2. Don't be hurried along by your buyer. This is often a tactic used by fraudsters to get you to make a mistake.
3. Check the details of any payment received. Do they correspond with the information given to you by your buyer? If you are paid by company cheque or banker's draft, then try to contact the company directly to verify its legitimacy.
4. Confirm details with your bank. Your bank will be able to give you guidance and clarify the status of any payments received.5. If you do lose money to this type of fraud, then report the matter to your local police and contact the Alibaba service team at alibaba@alibaba-inc.com.
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