CLASS RACER FORUM - View Single Post - Selling cars on racing junk

art leong · 11-26-2013, 05:14 PM

Do not take cashiers (bank) checks Unless YOU can verify that the money is in the bank.
A scam that's going around is people pay with a cashiers check, you wait a week. Your bank allows you to draw on the money (by law). Then in about 3 to 4 weeks they find out the check was fraudulent. And claw back the money from you.
Also the deals that expect you to meet with the shipper are outright scams. They send you a phony check you deposit it, wait a week, Then the "shipper contacts you and arranges shipping "cash only" . Then you never hear from them again. Your bank eventually contacts you and wants any money from the check you spent back.

11-26-2013, 05:14 PM	#12
art leong VIP Member Join Date: Dec 2001 Location: Richmond Hill, Georgia Posts: 2,003 Likes: 0 Liked 1 Time in 1 Post	Re: Selling cars on racing junk - scamming Do not take cashiers (bank) checks Unless YOU can verify that the money is in the bank. A scam that's going around is people pay with a cashiers check, you wait a week. Your bank allows you to draw on the money (by law). Then in about 3 to 4 weeks they find out the check was fraudulent. And claw back the money from you. Also the deals that expect you to meet with the shipper are outright scams. They send you a phony check you deposit it, wait a week, Then the "shipper contacts you and arranges shipping "cash only" . Then you never hear from them again. Your bank eventually contacts you and wants any money from the check you spent back. __________________ Art Leong 2095 SS