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 A curious twist to an old fraud

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Joined: 25 Aug 2005
Posts: 9080
Location: Criminal Disruption Department.

PostPosted: Tue May 05, 2009 11:40 am Reply with quoteBack to top

S. B. writes: My bank, Barclays, cleared a cheque for £6,900 that I received from someone purchasing my motorcycle. The payment included shipping costs that I had to pass on. Barclays confirmed the cheque had cleared and allowed me to draw £3,400 and send it to the shipper. Two weeks later the bank debited the £6,900, leaving me in debt.

The unusual thing (as I read it) is that the victim's bank had told him that he had received a fakkey, but when he received another counterfeit he sent money to the scammer. ..... and the bank offered him a refund Shocked

However the victim didn't think that the amount was enough . Read on ....

Note the difference between "Available" and "Cleared" Funds.

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Baiting Guru

Joined: 04 Jan 2007
Posts: 8875
Location: Wherever I lay my hat

PostPosted: Tue May 05, 2009 4:14 pm Reply with quoteBack to top

From the article

This second cheque was drawn on a Dublin bank account, even though your buyer said he was in Australia.

You have to say 'What was the victim thinking ?' to accept a second cheque after having the first one reported as a fake, and why accept a foreign cheque - as Southern Ireland is a foreign country as regards the UK.

In simple terms a bank will either 'negotiate' or 'collect' a foreign cheque, and may make that decision for you based on their own custom and practice. If it's negotiated you'll never be told when it's cleared, you are effectively loaned the money against the cheque clearing at some future date. You are charged a nominal amount for interest.

If it's collected, you will get told when it's cleared, but it could easily take a month or more to clear and even then they're likly to have recourse against you for a counterfeit cheque. They can always introduce the police as you have passed counterfeit paper, and you could end up arguing yourself into prison.

It sounds to me as if the cheque was negotiated, which was an innappropriate method to use, as clearance would never be confirmed. Banks assume customers know what they're doing, and using common sense to protect themselves. Accepting cheques from strangers is dangerous - to accept foreign cheques after having already received a dud one shows that this customer was flying on empty.

As the journalist said - the customer was offered a ridiculously generous settlement by the bank but lost it when he went to the FOS. You just can't talk sense into some people.

He's a victim but missed every opportunity to avoid his loss.

Fake sites killed 1 x Australia 9 x United Kingdom 3 x 168 X Closed lad accounts Easter Egg 2011
Pith Helmet - the 'Asparagus Kid' - Accra to Lome - You Must surly Die in The Name Of Jesus Christ
Pith Helmet - Steve - Lagos to Accra
Pith Helmet - Frank - Lagos to Cotonou - co-bait with the vampire
Pith Helmet - Shorty - Lagos to Cotonou - My Agro Base farming where i rearing chicken and other animals was set ablazed overnight and we do not know who is actual behinde all these evils! -
I and my crew was locked up for 3 good days….They wanted to charge us to court but later we are fined an huge amount of money…I asked them why did they arrest the men, they started laughing and saying all sorts mockering words! -
…because now, am left with nothing and remember i told you my Guy (Joe) gave up earlier this morning
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PostPosted: Tue May 05, 2009 4:18 pm Reply with quoteBack to top

"Unfortunate" describes the victim at first. Then "lucky" when the bank offered to refund the actual amount lost (I don't know of many banks that would do that - most would send a copper over to ask you a few uncomfortable questions). Then "greedy" when he demanded the full amount of the check.

IMO he'll get what he deserves. Wink

i do not know need to expanciate more - C0llins W3aver
those words really made me felt completely bad..and i had to dust my ass and wipe tears Micheal David
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Mr Tambourine Man
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PostPosted: Tue May 05, 2009 4:32 pm Reply with quoteBack to top

He was fortunate at first. The first check was identified as fake before he had a chance to make a WU payment.
I feel sorry for scam victims, but make an exception in this case.


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is always Good when you have the zeal to be a hitwoman when you out of school,it makes you bold and reall and it makes you more high than any other of your friend.
you dont have a phone.that makes makes you joe butt. Fuck you and go find something to do man. Stop disturbing me please.
This is definitely why you will remain and die in poverty, ignorant of good things and easy acknowledgment of bad things and words. Shame on you, you wicked generation children.
i went you to no that this is not a cheld pray. i went you to get back to me
we are not scammer,we hate scammer as you do.scammer make out life harder and harder,a lot of people think we are scammer,in fact,we are not!! please trustt us
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PostPosted: Tue May 05, 2009 8:00 pm Reply with quoteBack to top

how interesting . i am loath to use this term in respect of fraud victims normally but this guy was a prize fool . he could have made the money he lost back but did'nt . this is the first time i have ever heard of a bank offering a refund on monies lost to fraud . sadly for other victims it will probably be the last time too .

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