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Hello,
i have a friend of my cousins who lives in Britain and he is going to deposit a large sum of the money into my account for a previous action that i did for him and he will take out 90% of it and leave 10% which is alot of money for the deposit and the money is coming from and australian account and it has to go into a U.S account then to his british account from mine. If it is stolen money who would be held responsible and what would happen?

thank you

2007-10-24 10:32:37 · 9 answers · asked by Anonymous in Business & Finance Personal Finance

also he is NOT using a check but rather just a wire transfer.
no check

2007-10-25 10:14:33 · update #1

9 answers

You would be an absolute FOOL to let your "friend" do this, as YOU will be left holding the bag for the inevitable fraud that is coming your way...

AVOID!!!....

2007-10-31 12:57:35 · answer #1 · answered by I Can Count To Potato 7 · 0 0

I've heard of this before. It's a scam. Usually what happens is that person A or company A will approach person B and say that they need to cash a check for say $3000 but they need to borrow Person B's bank account to do this. Person A will say for Person B's time and trouble they will give 10% or in this case $300 to Person B. Person B deposits the check and gives Person A the $2700. After some time, the bank notifies person B that the $3000 check was fradulent and deducts $3000 from Person B's account balance. Person A is long gone, leaving Person B to cover the $2700 out of pocket.

2007-10-24 10:48:41 · answer #2 · answered by CAITLIN 5 · 1 0

Sounds like a scam.

The way these scams usually work is the you receive a cashiers check. The check looks real but will be fake. It will bounce but only after you have sent the money out via Wire or Western Union.

Who is on the hook for the money? - YOU!!

Scammers often pose as normal people looking for a favor. They befriend people in order to attract scam victims.

2007-10-24 10:55:24 · answer #3 · answered by Wayne Z 7 · 1 0

Sounds like he might be trying to launder some money. This is a very common way of doing it too. You, as the account holder, would definitely be an accessory to the crime if it is one. Depending on the amount and where the money came from, you could do serious jail time.

2007-10-24 10:38:24 · answer #4 · answered by Nathan K 3 · 1 0

Sounds like a great "friend", just tell him your situation say you need that money back. You where doing him a favour, who knows he may give you the money back ad offer to lend you some as well

2016-05-25 14:10:15 · answer #5 · answered by ? 3 · 0 0

this sounds really shady

personally, I wouldn't do it.

you could either get in big trouble or lose all your money - either way it's not going to work in your favor.

2007-10-24 10:41:54 · answer #6 · answered by Lady D 4 · 1 0

If something is too good to be true, it usually is. Better to be safe now than sorry later.

2007-10-24 20:11:57 · answer #7 · answered by Anonymous · 0 0

Being stupid is not a good legal defense.

2007-10-24 10:48:31 · answer #8 · answered by John R 3 · 1 0

you will be held at least partially reponsible. Do not do it.

2007-10-24 10:46:52 · answer #9 · answered by redwine 6 · 1 0

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