What's the scam?
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From: Rod Speed on 9 Apr 2010 05:50 Gordon Burditt wrote > Rod Speed wrote >>> I am glad it is still available for sale.I am very much interested >>> in buying your item and i am ok with the price. I am only able >>> to make payment by money order at this time b/c i am away on >>> assignment. Please provide me with your >>> name:............ >>> address:............ >>> and phone number:............ >>> for payment. It will take about 7days for payment to get to you. As >>> per pick-up, I will make arrangement for the pick-up after payment >>> has been received by you. I don't mind adding ten dollars so you >>> can keep it in my favor.Please take the posting off craigslist >>> today and consider it sold to me. Thanks >>> Expecting to hear from you soon. >>> Regards > ... >>> What's the scam? >> Unlikely it is scam, just someone who is currently away >> from home wanting to buy what you have on offer. > Careful, a lot of scams work like this. No they dont. > See "money order" on Wikipedia. Useless. >>> All that I can think of is that she going to send an MO for more >>> than what I'm asking and ask me to refund the difference. > Possibly a *counterfeit* money order. And its easy to see if it does turn into cash. >> Easy to refuse to pay any difference until you have cashed the MO. > Easy to lose a lot of money that way. Nope. > You need to refuse to send *anything* until after > you have been assured that the money order has > cleared beyond any possibility of being disputed. What matters is whether you got money for it. > Legally, and in the United States, I think that period can be up to 7 years. You're wrong. > A lot of scams are based on a check, cashier's check, or money order > failing to clear *after* the normal period when it is considered cleared. Thats trivially avoidable with a money order. > You don't normally get positive feedback that something has cleared. You do if you cash a money order. > It just after N days hasn't come back. Money orders and > checks on foreign banks (especially in countries where they > may be transported as paper by mule cart) can take much longer > to clear or bounce, especially if the money order is counterfeit. Irrelevant if someone give you the cash for the MO. > It is possible for a check to "unclear" when the alleged writer > of the check sees it on his statement, 45 days later, and says > he didn't write it, fills out an Affidavit of Forgery, and the check > bounces back. I had to do this once so I know it works. Pity that that isnt true of MONEY ORDERS. |