scam with check for more than sale price

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john m

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a frend of mine is selling some boaty stuff ,a buyer from nigeria has offered to buy the goods with a check for more than the value and he is to send the rest of the balance when the check has cleared surley this must be some sort of scam /forums/images/graemlins/shocked.gif
 
Yes it is and well documented on the web.

Tell him not to do it as he will pay the cheque into the bank, be told it has "cleared" by the bank, pay out the difference, send the goods and the cheque will be recalled as unpaid by the bank about 10 days after it has "cleared".

Insult to injury, he has been fiddled out of the goods and then sent his own money to the thief as well.
 
These Nigerian's are even trying to scam us painters too, with the same thing- sending a cheque for more than the value then more later.
An arts site I am registered on caught on early and sent all its customers an email of the intentions of these people.
 
[ QUOTE ]
Lake sailing is for girls blouses

[/ QUOTE ]

Quite agree. I can't see the attraction.

- Takes at least 10 minutes to get from the house onto the boat.
- You can't go far so you have to keep going about. All that helming and sheeting and trimming.
- The wind shifts and gusts all the time, so you can never relax.
- It's sometimes so hot in the sun you wonder if you'll survive.
- If it blows up and starts pelting with rain it could be oooooooo - an hour, before you're back on your mooring.
- You don't have the fun of radar and VHF and flares and all sorts of oceany things to take your mind off waiting for the tide. (oops, we don't have tides)

It's bloody hopeless.

I'd stick to the sea. (there's only so much lake to go round) /forums/images/graemlins/smile.gif
 
Well known scam in which you end up sending the goods, and extra cash, and the bank then bounces the cheque.

My son sold his car recently through a website. The first six enquiries were identical to yours. He sold the car soon after - cash. That'll do nicely sir!
 
There are as many ways the scam works, as there are versions of the letters and emails they send out. Some are bankers drafts that take some days to be identified as fake etc etc. Most cheques are cleared for fund withdrawal before they are verified as genuine (on international transactions), then funds withdrawn by the bank. All loopholes the scammers know well. The banks are being forced to clamp down, and for instance, ebay auctions are no longer allowed to use Western Union transfers, as this has been one major cause of problems.

Best way not to have to gain an intimate knowledge of cross country banking scams is to not get involved in cross country bank transfers with unknown people who approach you (cross country banking is usually perfectly safe if you know who you are dealing with -though there are obviously exceptions!)
 
[ QUOTE ]
Just curious to know how a cheque can be cleared then 10 days later how can it not be cleared?

[/ QUOTE ]

Ahhh, the joys of the banking system. The bank accepts a cheque, waits for clearance which it gets before the cheque is physically present at the clearing bank. When the cheque gets there they find it is a stolen or otherwise fraudulent cheque, they tell your bank who promplty claim the money back from you.
 
I'm sure there is no need to worry and if your friend is ripped off I can always compensate him from the $1000,000.00 that a Nigerian man is sending me for free just for clearing some funds for him. /forums/images/graemlins/tongue.gif
 
There is some interesting stuff on www.419eater.com about this. Even ways if you are brave enough of getting back at the scammer.
Slightly different, I recently sold an expensive piece of kit on ebay within the UK. To be despatched after clearance of personal cheque. I asked my bank when the cheque would be definitely cleared. After much umming and ahing the bank said that they could not DEFINITELY say when a cheque would be cleared and it could be returned unpaid up to several weeks after presentation.
Cheers, Dave
 
Dearest Lakesailor
If you spent as much time sailing as you do spamming these
forums, you would probablly be a decent bloke.

Instead of the grumpy old git you come across as being.

Still its nice to know somebody is that much bored, he has to have a whinge at spelling.
 
Thank gawd we got shcolars in these forums- else I wouldn't sleep at night.

Well spotted, and your quote about lakewhinger is right.
 
Similar happened to me.

I run a small electronics business. After some negotiation a Nigerian "customer" sent advance payment in the form of 3 Travellers Express "moneygrams" for $1000 each, requesting I refund the overpayment - this I said I would do once payment was cleared. My bank said present them using their "Foreign cheque to credit a Sterlin Account" form, so I did. Later conversations with the bank revealed that they would treat treat them as cleared after about 10days, but they could be recalled as much as six months later. The bank, naturally, would do nothing to check their validity. Fortunately, I kept photocopies of the cheques, so I called the issueing bank in the USA - they were very helpful, told me the serial numbers were forgeries! I advised the "customer" not to expect goods or refund (never heard from him again!), and, sure enough, the funds were recalled a few days later. I was lucky, all I was out of pocket by was the £10 the bank charged me for handleing the cheques.

Moral of the story - be very wary of foreign transactions, particularly from Nigeria. If you receive cheques, phone the issueing bank first, before you present them.

I hope this helps.
 
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