Scam Alert--Bogus Cashiers Checks

Thread: Scam Alert--Bogus Cashiers Checks

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  1. #1

    Join Date
    Feb 2006

    Scam Alert--Bogus Cashiers Checks

    I am not sure this is the proper location to put this but I thought my watch buddies need to be aware of this. I had a watch posted awhile back on Timezone, EOT, WUS, and Watchnet. I sold the watch to a Watchnet regular but kept getting emails from someone named Sarah over and over saying they still wanted to buy my watch after I told them once it was sold. Kept deleting the emails even though they said they were paying me for it soon. On Monday, received a UPS Next Day mail envelope. The name on the outside was James Rangel of Houston, Texas with an address I checked and there was no such address in Houston that was on the UPS envelope. Did a trace on UPS website and the envelope was sent from Kentucky, not Houston. Inside was a cashiers check made out to me for $7,400 from a George Smith--not James Rangel who mailed it. The check looked extremely legit with watermarks, etc. I contacted the bank that was on the cashiers check and they asked me to fax them a copy of the cashiers check and then called me back to alert me it is counterfeit and advised me to alert my local authorities. They are turning this into their local authorities in Florida. On the outside envelope was my name, address, and phone number obtained somehow by someone trying to commit fraud--either got it online or perhaps my info on Watchnet or Timezone or WUS. It is my understanding the scam is to send you a cashiers check for much more than what you were selling the watch for and then they contact you advising they errored and ask you to wire funds for the overage sent. If a person does this and also mails the watch, they are then out the money wired and the watch when they find out a couple of weeks later that the cashiers check they deposited is bogus. I had nothing that I agreed to sell anyone here so I had a very good feeling this was a scam from the beginning, but someone unsuspecting with a watch to sell could get caught in this scam if they are unaware. It is my suggestion for anyone getting a cashiers check they are unsure about to contact the bank shown as the issurer on the check and check it out before depositing or cashing anything as there is good reason to believe it could be a counterfeit.

  2. #2
    Join Date
    Apr 2006
    Milwaukee, Wisconsin USA

    Re: Scam Alert--Bogus Cashiers Checks

    Hi Gary,

    Thanks for the info and heads up . People seem to have nothing better to do with their time than try to scam honest people out of their money instead of trying to find a way to honestly earn it themselves . Thanks again.

  3. #3
    Member sikniss's Avatar
    Join Date
    Sep 2006
    Northeast, Maryland

    Re: Scam Alert--Bogus Cashiers Checks

    This is an on going scam for years now including any high dollar item being sold on any open forum. I've even seen it done on vehicles!
    Just keep your senses about things.. if you feel anything is out of place in a transaction it probably is an overlooked flaw of the scammer.
    Be safe...
    Jim B-)

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  5. #4
    Join Date
    Feb 2006

    Re: Scam Alert--Bogus Cashiers Checks

    This is nothing different from the Nigerian scam. The basic elements are still there. You get overpaid and you send back the difference. The check is later determined to be invalid. You're out the amount you refunded plus the bounced check fee.

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    1. Scam Alert--Bogus Cashiers Checks
      By Gary Galler in forum Watch Deals, Feedback & Reputation
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      Last Post: October 18th, 2006, 19:08

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