[Shotimes] Re: used car Scam again.

[Ron Porter]

Yes, this process is slowly creeping into play, and the transaction is now
treated similar to a debit card transaction. It's just that the Fed hasn't
got this whole process totally in place yet. It will be working when the
recipient of the check (as through the mail) can clear checks electronically
through the Fed.

The issue remains, however, that, although the process you describe speeds
up the clearing process, it still won't protect the average individual
selling a car (for example). 

Ron Porter

-----Original Message-----
From: shotimes-admin@autox.team.net [mailto:shotimes-admin@autox.team.net]
On Behalf Of Paul Nimz
Sent: Saturday, January 17, 2004 4:35 PM
To: Donald Mallinson; SHOTimes-Mailing List
Subject: Re: [Shotimes] Re: used car Scam again.


I have a grocery store in my area that will electronically clear your check
on the spot and hand it back to you.

Paul Nimz
'97 TR
'93 EG mtx


----- Original Message ----- 
From: "Donald Mallinson" <dmall@mwonline.net>
To: "SHOTimes-Mailing List" <shotimes@autox.team.net>
Sent: Saturday, January 17, 2004 2:18 PM
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
> >>
> >>__________________________________
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