[Shotimes] Re: used car Scam again.

[Ron Porter]

Electronic check presentment is getting closer, although it should have been
done by now. Unfortunately, paper checks don't work like credit cards where
you can authorize and freeze an amount on the account. Yes, being able to
verify the account and routing number would be nice, but even if they are
good and the $$$ are in the account, under the current system it doesn't
matter until the paper check is presented to the bank for payment.

IMHO, it's one of the reasons that Paypal has done so well. Short of doing
credit card transactions, it would be a pain to wait 5-10 business days to
see if checks have cleared.

And the way things have become, I would not trust a cashiers or a certified
check, either, much less a money order!!

Ron Porter

-----Original Message-----
From: shotimes-admin@autox.team.net [mailto:shotimes-admin@autox.team.net]
On Behalf Of Donald Mallinson
Sent: Saturday, January 17, 2004 3:18 PM
To: SHOTimes-Mailing List
Subject: Re: [Shotimes] Re: used car Scam again.


These scammers almost always use what the call a "bank 
Certified Check" that is usually good, but in this case it 
is bogus.

Sure seems like in today's society, that the banks should be 
able to read the band and account numbers and get a handle 
on if the check is good without waiting for it to make the 
two week (or more) long trip through the system.

That is why for years, I took and gave nothing but cash when 
buying from individuals or selling to them.

Don M.

Noah South III wrote:
> I think I get the gist of the scam, but isn't a Money Order good as cash?
> Seems like it would only work with a check or something that would bounce.
> 
> -Noah South III
> 
> ----- Original Message ----- 
> From: "Eric Keller" <unterhausen@yahoo.com>
> To: <shotimes@autox.team.net>
> Sent: Friday, January 16, 2004 4:51 PM
> Subject: [Shotimes] Re: used car Scam again.
> 
> 
> 
>>This is a well known scam, and the best thing is to
>>immediately ignore the offer.  One of the grad
>>students had a similar thing happen, and it turned out
>>the scammers were local.  The police were only mildly
>>interested.
>>
>>The way the scam works is that they want to give you a
>>check for much more than the agreed upon price, and
>>you give them change.  In our grad student's case, he
>>was selling an oven for $350.  They sent him a money
>>order for $4000.  Someone was going to come around for
>>the oven and the change later.  After I had
>>straightened him out about the scam, he told the
>>scammer to forget it.  The scammer started to play to
>>his greed and said that he could keep an extra $500,
>>and then $1500 when he refused again.
>>
>>Of course in the case of the car, it might be worth
>>enough to them just to steal the car, dunno.
>>
>>Eric
>>
>>__________________________________
>>Do you Yahoo!?
>>Yahoo! Hotjobs: Enter the "Signing Bonus" Sweepstakes
>>http://hotjobs.sweepstakes.yahoo.com/signingbonus
>>_______________________________________________
>>Shotimes mailing list
>>Shotimes@autox.team.net
>>http://www.team.net/mailman/listinfo/shotimes
> 
> _______________________________________________
> Shotimes mailing list
> Shotimes@autox.team.net
> http://www.team.net/mailman/listinfo/shotimes
> 
> .
_______________________________________________
Shotimes mailing list
Shotimes@autox.team.net
http://www.team.net/mailman/listinfo/shotimes