[superzcomputerz]

This scam has been around for quite a while, "cash and carry only!"

[Guitarman1951]

Oldest scam in the book. I guess some people still fall for it. I've encountered it over and over again as I buy and sell musical equipment. I've stopped using the service and Craigs list as this kind if thing is prolific.

[Astron]

One of many reasons the we only accept cash when selling privately. People have been very understanding and I have had few if any complaints about this policy.

[Cpusch53]

My ads say cash on , pick up in person. I have had this before but now they must show with cash for pickup.

[Debbraham]

Never accept a check as payment! Never works...I take Venmo or do PayPal if people are not local.

[Rellen]

Yes I had the same yesterday for my article for sale, told them cash only and he said he doesn’t do it that way. I smelled a scam right off the bat. His name was William.

[szym463]

Originally Posted by Melmab

This is the 3rd time someone’s tried to scam me. I’ve listed an item for sale at$1000, they send me a certified check for 5 times that amount and then want me to give the remainder to the ‘pickup’ people. Do they think I’m an idiot! Anyone else had this problem?me

Tried selling a motorcycle same thing. Notified TOTV, I think a good warning on their part might be helpful. My bank stated it could take a long time if it is a overseas account. SELLERS BEWARE.

[Hospes444]

Should be reported to the FBI

[Scorpyo]

Originally Posted by Hospes444

Should be reported to the FBI

Can’t. I heard they’re being defunded.

[Wildwilly]

I acted like I fell for it, told him to send the check, they had to pay the overnight express fee 15 or 20 bucks then I tore it, up took a picture of it, then texted it back to him and said there you go have a good day.

[E Cascade]

I had similar happen....... no such bank, or no such routing numbers to identify the bank, Mine came supposedly thru Morgan Stanley. My branch of M-S said no such branch. If I had tried to deposit it, it would have bounced and they would possibly now have all my bank info on the back of their check to do further damage in the future. Just put it in a corner for further proof if ever need it in the future to hold against them, if ever get an identity theft. Best to change your cc numbers once a year too to keep that all safe.

[E Cascade]

Even Venmo and Paypal are not secure. Banks are now developing a system in which your bank withdraws from your acct and puts it into their pot and then withdraws from there and sends the money to another bank's pot. That bank then takes the money from their pot and transfers it to their customer's acct. That way only your own bank knows where it has come from. It's another lock and key in the system.

[mady101]

Originally Posted by retiredguy123

Apparently, there are people who fall for this common scam. But, what I don't understand is, why couldn't your bank scan the check and immediately verify with the issuing bank that the check is bogus? I think local banks are complicit in allowing this scam to succeed. They should be more helpful in preventing their customers from being scammed.

The scam includes you sending them a money order that covers the cost of the item you are selling, plus an amount they say you are to pay the movers picking up the item, plus a BONUS to you for the inconvenience. Your bank DOES CHECK to see that there are funds to cover the amount of the cashiers check! This is bow the scam works: The account number on their cashiers check is CORRECT, but they have changed the name of the account owner, so the check bounces.

[retiredguy123]

Originally Posted by E Cascade

Even Venmo and Paypal are not secure. Banks are now developing a system in which your bank withdraws from your acct and puts it into their pot and then withdraws from there and sends the money to another bank's pot. That bank then takes the money from their pot and transfers it to their customer's acct. That way only your own bank knows where it has come from. It's another lock and key in the system.

That is really not any different from the way banks have been doing it for many years. Your bank is not going to cash a $5,000 check unless you already have enough funds in your account to cover the check, or they can verify that the check is bona fide. Then, if the check bounces, your bank will take the money out of your account, and also charge you a fee for giving them a bad check.

[retiredguy123]

Originally Posted by mady101

The scam includes you sending them a money order that covers the cost of the item you are selling, plus an amount they say you are to pay the movers picking up the item, plus a BONUS to you for the inconvenience. Your bank DOES CHECK to see that there are funds to cover the amount of the cashiers check! This is bow the scam works: The account number on their cashiers check is CORRECT, but they have changed the name of the account owner, so the check bounces.

Doesn't sound right. When a bank issues a cashiers check, they verify that the account has the funds, and they place a hold on that money earmarked for that account and account number. Even if the name is changed on the account, the check should still be good. And, I don't think you can even change the name on a bank account. They would close out the account and open a new account with a different account number. The scam is based on them sending you a counterfeit cashiers check.