I keep getting Yahoo 360 emails concerning differant people who want to hire someone for a percentage of whatever. They want to give me 7000 in checks and money orders to cash with me keeping 700.00. Thus supposedly avoiding International transfer fees. How does this work. I understand its a scam. I think.
2006-06-09 18:33:56 · 10 answers · asked by Rick 7 in Business & Finance ➔ Other - Business & Finance
I know its a scam, just wondered exactly how it works.
2006-06-09 18:42:03 · update #1
They send you checks which you deposit into your checking account. You then have to immediately write checks to another account. The problem is, the checks they sent you bounce in a few days and they've stripped your own account out of all of its money and you get penalized by your bank for writing bad checks.
2006-06-09 18:37:03 · answer #1 · answered by CarolO 7 · 2⤊ 0⤋
You probably deposit the check for $7000 and send them back a money order for $6300. A few days later their check bounces and you are out $6300. Or it could be similar to the Nigerian advance fee scams (see link).
2006-06-09 18:39:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
They'll send you phony money orders or cashier's checks. If you cash them and send the scammer the money, then when the bank finds out they're fake, you're stuck with the jail time.
A few people around town here got scammed with phony postal money orders.
2006-06-09 18:38:18 · answer #3 · answered by patience3987 4 · 0⤊ 0⤋
SCAM, SCAM, SCAM.
Just delete any e-mails like this. There is no free lunch.
No one really has that much cash in Africa. Forward the e-mails or messages to Yahoo!'s security department. It's just some a****oles trying to steal from you.
2006-06-09 18:43:48 · answer #4 · answered by Karl the Webmaster 3 · 0⤊ 0⤋
I've had these before too. They send you a check which will bounce but not before you forward the money based on your credentials. By the time the check's gone bad you're billed for the money that was sent on. I'm sure there's sites that you can forward these to, it's fraud.
2006-06-09 18:37:27 · answer #5 · answered by darkness_returns 4 · 0⤊ 0⤋
they will ask for your bank account information, or a SSN, or other personal data that can help them steal your identity.
most likely they are home-based individuals who are phishing for a sucker. they tell you they will wire you some money,
either due to civil unrest in their country, or fees,
then when you give them the information, they leech your account,and leave you with nothing.
2006-06-09 18:38:44 · answer #6 · answered by sobrien 6 · 0⤊ 0⤋
I suggest you to see the film "Catch me if you can" directed by Academy Award Winner Steven Spielberg.
Top 3 Answerer in Business & Finance. (Vote for me)
2006-06-09 19:21:16 · answer #7 · answered by Anonymous · 0⤊ 0⤋
A scam is a scam. Delete it or get scammed, busted or both.
2006-06-09 18:37:12 · answer #8 · answered by crystal89431 6 · 0⤊ 0⤋
Yes, you release your bank info and they rob you blind. End of story. Just delete their mail.
2006-06-09 18:36:08 · answer #9 · answered by MillwoodsGal 6 · 0⤊ 0⤋
They usually ask you to give them your banking info..account numbers etc. then they withdrawel your money and leave you empty handed.
2006-06-09 18:35:36 · answer #10 · answered by miss.douchebag 2 · 0⤊ 0⤋