Quote:
Originally Posted by Excaliber
Could take some time for the bank to figure out if the check is legit. I'd cash it and then sit on the for sale "item" for at least two weeks, if not longer.
|
The way this scam works they are counting on you to believe that since it is a "cashier's check" that it has to be good and you will give them the goods. The problem is that some of the counterfeit checks are very good copies and they will fool you AND your bank when you deposit it. It is only later when the OTHER bank (the one the check was drawn on) denies payment that you get into trouble. Your bank will be looking for the money from you if you spent it (or gave the difference to the person who picked up the goods). At best you will get hit with a bad check fee from your bank and your goods are gone.
If you do a quick internet search you will see that some people have lost a lot of money/goods in these scams.
Pete