[extropy-chat] internet car sale scam

[Spike]

Ja, thanks Mike.  I think what is about to happen is
that the bank will notify Johnson that the cashier's check
is counterfeit, no one will show up to claim the car and
that Johnson has been stung for 3455, which is 3300 plus 
155 to Western Union.  During the whole transaction, I
kept asking him why the buyer wasn't paying the shipping
company, but I was too busy with a final exam to stop
and google on some of this stuff, dammit.  I guess now
we are both older, uglier and wiser.  At least we stopped
the 7k transfer.  spike  

> -----Original Message-----
> From: extropy-chat-bounces at lists.extropy.org 
> [mailto:extropy-chat-bounces at lists.extropy.org] On Behalf Of 
> Mike Lorrey
> Sent: Saturday, December 13, 2003 9:04 AM
> To: ExI chat list
> Subject: RE: [extropy-chat] internet car sale scam
> 
> 
> Harvey is right here. You can't do international business the same way
> as you do it domestically. In international commerce, the buyer puts
> money into an account that the seller can verify actually has assets,
> typically with the shipping company or institutions it does business
> with. The Seller ships the item being sold along with a bill of lading
> to the buyer, and when the buyer receives the item, the shipping
> company releases the funds, or notifies who ever is holding the assets
> to release the funds, to the seller.
> 
> A friend of mine in Seattle is an international car broker and when
> people try this scam with him, he'll first call the issuing bank to
> verify that funds are available (this will weed out the less well
> executed scams) and even then will sit on the money for ten days to
> make sure the bank doesn't come back for the funds. Only then will he
> ship a car, and will include instructions for how to do international
> business in the future.
> 
> Never send funds back, either. Once you receive payment, and the check
> is cleared, that money is yours and you can legally consider the sale
> to be final.
> 
> =====
> Mike Lorrey
> "Live Free or Die, Death is not the Worst of Evils."
>                                        - Gen. John Stark
> "Fascists are objectively pro-pacifist..."
>                                        - Mike Lorrey
> Do not label me, I am an ism of one...
> Sado-Mikeyism: http://mikeysoft.zblogger.com
> 
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