I've put my CB500 up for sale in a few of the online Freeads places ('cos none of you buggers seemed to want it - £750 if anyone's changed their mind, plug plug...), and got this E-mail through today: ------------------ You placed the following ad in Loot: Ad details - title: Honda CB500, and we are delighted to send you the following customer response: "Dear friend, Its my pleasure to introduce myself to you,i fortunately came across your advert on the web,am really interested in purchasing this bike from you as soon as i hear from you,pls kindly send the price,milleage and pics on your response. Am a building contractor by occupation,i would like to inform you that my financier just travelled to u.k on inspection of some projects,concerning payment,i would instruct him to send down a certified cheque or bank draft meant for this bike to your address inother to speed up this transaction before he completes his schedules in u.k. morealso i have a shipping agent to pick it up from its point of destination to my premises. i look forward to hear from you. kind regards david jones." ------------------ Ooh - lucky me - a genuine buyer... So what's the deal with this type of scam? Money laundering / attempt to get my bank details / address or what?
They send you a bank draft which is dud, you stick it in the bank and then the bank clears it, you give the dude the bike and when you go back to the bank the money isn't there because banks back off when they realise it was a dud draft. Watchdog did a story on it a couple of months back. -- Martin: "For a minute there, you bored me to death." VTR1000 Firestorm TDR250 http://ukrm.net/BIKES/Yamaha/tdr250.html martin dot smith nine zero three at ntlworld dot com
Forged cheques/drafts, AIUI. Apparently they can appear to clear, such that the funds are released to you, but then when they're found to be forged you lose the lot. I think this is usually done with a draft bigger than the amount required, such that you send them the excess cash, firm in the beleif that you've already got it in your account, so you end up losing a lot more than just the bike, if indeed they take it at all. -- _______ ..'_/_|_\_'. Ace (brucedotrogers a.t rochedotcom) \`\ | /`/ GSX-R1000K3 `\\ | //' BOTAFOT#3, SbS#2, UKRMMA#13, DFV#8, SKA#2 `\|/` `
Yes, definately a scam, (Nigerian 419) he sends you a cheque for say £2,000, and says take your cash out and send me the rest by western union to a place in Nigeria and his associate will visit to collect said vehicle.. If your gullable enough (and believe me, there are hundreds of them), you send the balance, the cheque bounces, nobody comes anywhere near your bike and you lose £1250. Before people say about the cheque has to clear first, there has been cases where stolen UK cheques have been used, so seem legit, and the money appears in your account, until the owner of the stolen cheque realises moneys missing and the bank ask YOU for it back. You could ask him to send you the cheque then tell him to piss off when it a rrives then get lots of irate emails from an irate Nigerian threatening to do all sorts to you and anybody around you.
In 'wot 'e said. A bloke at work got a certain "Mrs Mary from Nigeria" trying this one on. She was quite the conversationist until he broke it to her that the authorities had been informed.
I'm not a banker [1], but it would seem to me that there's something wrong with a banking system that 'clears' the funds to you, and then changes its mind. [1] Steady...
In Indeed, and I believe a large chunk of this scam works because people believe that the banks actually validate/fraud-check these things up-front. "Oh, I'm not stupid. I'll only do the deal once the cheque clears."
There's also something wrong with a banking system where money disappears for three days. Example: I do an online transfer from my bank in Kuwait to my bank in the UK. The funds leave my account in Kuwait immediately, and turn up in the UK three days later. Who has *my* money in that time?
It doesn't disappear, it sits in a holding account making the bank a stack of interest. The bank. -- Dnc <this space pending> B1200 - Back ~|~ VS800 - borked TS150 - squatting ~|~ V2300 - flat cap and rug MIB#26 two#54(soiled) UKRMMA#26 BOTAFOT#153 X-FOT#003
when I worked for BACS (who should have an idea) of where the money went during these three days, everyone sort of sniggered and then one avuncular chap took me to one side and tried to explain. The simple answer is "the bank". A more correct answer would be "all sorts of people that the bank is lending your money to at a high interest rate". A more correct answer still would be to point out that it's not really your money at all[1], until you withdraw it as cash[2]. [1] read the fine print of your account contract - sure it's a certain amount of money equivalent to the money you put into the bank, but it's not "your money", it's "money the bank owe you" - a very different prospect - you'd find out just how different if your bank went bust[3]. [2] and even then, it's not really "your money", it's a representation of your money that the Bank of England "promise to pay". [3] i.e. retail account holders aren't exactly at the front of the queue when the receivers would be sorting things out. Multi-tiered banking - don't you love it?
I'm starting to think perhaps I have too many eggs in one basket. -- Paul. CBR1100XX SuperBlackbird BOTAFOT #4 BOTAFOF #30 MRO #24
dodgy money orders cheques or bankers drafts , you get cheque / order / bankers draft they take bike payments bounce They have all the necessary documents to sell on including receipts and registration document , the bike no longer belongs to you so they can sell it , the bounced payment is a civil case so theres very little you can do as the paying party disappears without trace the person supposedly buying the bike denies all knowledge as he has not received it or shows that hes bought it off the intermediary , as the bikes not stolen you wont get it back
They are now being forced to reduce that to 24 hours now , so all my banks have just knocked the interest rates down and increased the charges
Paul Carmichael says... When BCCI went pop the widow of a local millionaire, whose daughter I went to school with, lost absolutely everything. He'd made his money arms trading, so I guess it was rough justice for all the lives he'd indirectly helped to end.
I'm sure that's the same bloke who wanted my CB500 when I sold it last year. Poor chap is obviously desperate to get his hands on such a desireable machine. -- Dan L (Oldbloke) My bike 1996 Kawasaki ZR1100 Zephyr M'boy's bike 2003 Honda NSR125R (Going) Spare Bike 1990 Suzuki TS50X (Patio Ornament) BOTAFOT #140 (KotL 2005), X-FOT#000, DIAABTCOD #26, BOMB#18 (slow)
If Intelligent Finance goes tits-up, I'll be down the workhouse. Isn't there any sort of protection now in place since the BCCI debacle? -- Paul. CBR1100XX SuperBlackbird BOTAFOT #4 BOTAFOF #30 MRO #24
There was a program on a few weeks ago which said that cheques never clear. Someone could write you a cheque and then e.g. claim it back six months later I don't know how you'd go about doing this
