I'm fully aware of the fact that a bank can reverse a transaction. It happened to my last direct deposit from my last job.
"Gullible", "Stupid", or "Idiot" is not nearly enough to describe what a moron you are. How long has this African businessman/prince crap been going on? Just give me your money NOW before someone with half a brain scams you first.
This is an oooold scam, but going around the internet for years now. I can't believe I'd actually ever hear from someone who fell for it. Good luck getting it sorted out, but the warning signs were there... live and learn I guess.
dullard
Elite Member
- May 21, 2001
- 26,111
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I would probably put you in the "gullibile" category. Or at least "sheltered". The fact that only a last minute comment by a teller saved you is the proof.
But you still haven't made the link to your original post. You got a $6500 check. You deposited it. A couple weeks later, it was no good. However, in your original post you asked about someone who "decided to not accept the funds". Clearly it wasn't you who "decided to not accept the funds", it was the bank who said it was no good.
But you still haven't made the link to your original post. You got a $6500 check. You deposited it. A couple weeks later, it was no good. However, in your original post you asked about someone who "decided to not accept the funds". Clearly it wasn't you who "decided to not accept the funds", it was the bank who said it was no good.
- Aug 30, 2004
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Get what sorted out? Can't you read. It already is sorted out..............
I immediately had the Money order voided and that was the end of it
I lost nothing.
epilogue: 2 weeks later I get a notice from my bank that the check was indeed counterfeit and the 6,500.00 was taken back. Back where I started from. I finaly sold my kart up in San Jose cal several months later for 900.00
- Aug 30, 2004
- 2,519
- 1
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Here 's why it is linked...When my bank told me the check was good and in fact showed me the money deposited in my account I would never question them. Would you? Therefore I would not tell them NO I DON"T TRUST YOU, AND I WILL NOT ACCEPT THE FUNDS. Would you?
- Aug 30, 2004
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Well so far out of 41 votes we have 37 no and 4 yes votes. Itseems to me it is pretty obvious to me that most people believe when their bank says a check is good they believe it without question. And why shouldn't they?
And the yes votes won't explain themselves so I am skeptical of those votes.
And the yes votes won't explain themselves so I am skeptical of those votes.
Are you 15, do you need all caps and condescending remarks to get your point across?
Yes I knew this and frankly I don't give a sh!t if you believe me or not.
Funds in your account mean nothing when a federal crime is involved. Funds in your account really don't mean a damned thing. The ISSUING bank must clear the check, not just your bank. Of course you knew that, but I wouldn't believe you even if you say you did. :roll:
Even small potatos stuff such as the scams people pull through paypal would show you the same result.
MrChad
Lifer
- Aug 22, 2001
- 13,507
- 3
- 81
http://www.snopes.com/crime/fraud/cashier.asp
From the bank's perspective, the check did appear to clear. That is the brilliance of this scam. The check itself is a forgery, and it usually takes a few weeks before the bank becomes aware of it. Meanwhile, you've paid the scammer and are out a couple of grand.
The moral of the story: don't accept cashier's checks for anonymous transactions.
From the bank's perspective, the check did appear to clear. That is the brilliance of this scam. The check itself is a forgery, and it usually takes a few weeks before the bank becomes aware of it. Meanwhile, you've paid the scammer and are out a couple of grand.
The moral of the story: don't accept cashier's checks for anonymous transactions.
READ!
This has been posted numerous times.
Since you're obviously unable to read or comprehend english I'll quote this for you.
The scam works because the Federal Deposit Insurance Corp. (FDIC) requires banks to make money from cashier's, certified, or teller's checks available in one to five days. Consequently, funds from checks that might not be good are often released into payees' accounts long before the checks have been honored by their issuing banks. High quality forgeries can be bounced back and forth between banks for weeks before anyone catches on to their being worthless, by which time victims have long since wired the "overpayments" to the con artists who have just taken them for a ride.
If you accept a cashier's check as payment for something you have sold or rented, make sure it has cleared the issuing bank before you refund any money or surrender possession of the vended item. It may take two to three weeks for the banking system to determine the check is counterfeit, so even if the funds look like they're available (and even if your bank tells you they are), hold onto whatever it was you sold and the funds you received for it for three weeks.
What you believe is irrelevant because you've proven yourself to be a complete dolt, incapable of reading your own thread, comprehending what people are saying in your thread, and thinking "hey, mabey I really don't know what I'm talking about".
Now stfu and sit down.
MrChad
Lifer
- Aug 22, 2001
- 13,507
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Did you read my post? The check cleared. The bank has to make the funds available in 1-5 days according FDIC regulations. So the funds are released to your account before the check is honored by the issuing bank. This is how cashier's checks work. And yes, it is VERY susceptible to fraud.
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