Tab Julius wrote:
> There are two variations:
>
> 1) They want your bank account #, but as you might guess, they transfer
> OUT not in. Easy way to get around it - open a new acct with just a few
> dollars in it, see what happens.
>
> 2) The more complicated one involved sending a cashiers check (sometimes
> for extra cash back, sometimes not), you hand the car over to a local
> associate. Then it turns out the cashiers check bounced or was forged,
> but it's too late for you. If you plan to try this anyway, document
> everything you can about the local associate (his driver's license,
> etc.) or better yet, agree to put stuff in escrow until the check
> clears. Or, best, just get it in cash. Tell THEM to cash the check and
> give you the cash.
Definately have them cash it. A cashier's check can still be pulled
after it's been cashed, and the banks will pull the money right back
out of your account.
If you sell a car to an over-seas interest, that has even a hint of
scam, either require cash or walk away.
> - Tab
>
>
>
> At 08:57 AM 8/6/03, Eugene Balinski wrote:
>
>> A few months ago, someone on the list who was selling an
>> MG commented that they had been approached by some
>> off-shore buyer who wanted to buy the car, but needed to go
>> through some convoluted banking scheme to get the money to
>> the seller. Can someone please remind me of the facts?
>>
>> Seems that my friend's son has a car up for sale and an
>> off-shore "buyer" has approached him with the promiss of
>> direct money transfer to his bank account. This reminded
>> me of the scams that I have been reading about. I am afraid
>> that my friend's son will end up without a car and withoug
>> the cash.
>>
>> TIA,
>>
>> Gene Balinski
>> 80 B
>
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