This is getting more common in the UK now.
You offer a car or similar for sale and get a promise of a cheque (or bank draft) for the total value + a few thousand pounds on top.
You agree, as the buyer clearly trusts you.
You bank the payment, and a few days later, as it’s cleared, you pay the extra back, usually by Western Union.
Problem, though.
The cheque or draft bounces – yes, often some weeks later.
You may believe that chequeas are cleared in 3 days.
They’re not – but, oddly enough, the bank’s don’t tell you this.
Result – you’ve lost the car and a few thousand as well (andin case you were wondering, no your car insurance doesn’t cover you for this).
Here’s an example:
———- Forwarded message ———-
From: Thomas
Subject: NAME,ADDRESS AND PHONE NUMBER NEEDED.
To: xxxx
HI,
HOW ARE YOU TODAY?FINE I PRESUME,THANKS FOR YOUR REPLY,I GOT YOUR EMAIL AND NOTED THE CONTENTS.
I AM OK WITH THE CONDITIONS OF THE CAR.I REALLY APPRECIATE YOUR KIND GESTURE OF GIVEN ME A CAR OF THIS NATURE FOR £11,695.
MY WIFE INSISTS THAT I SHOULD BUY IT AT ALL COST BECAUSE IT IS JUST THE EXACT MATCH WE HAD ALWAYS WANTED.
I DONT HAVE CASH AT HAND NOW,AND SINCE YOU WANT A CHEQUE OR A DRAFT WHICH IS OK BY ME I HAVE DECIDED TO PAY YOU WITH A STERLING CERTIFIED CHEQUE OR DRAFT THROUGH AN ASSOCIATE IN UK.SHE IS OWEING ME THE SUM OF £16,000 AND HAS AGREED TO PAY ME,SO I WILL INSTRUCT HER TO ISSUE AND SEND THE CHEQUE OF £16,000 IN YOUR RESPECT YOU WILL CASH IT AND THEN DEDUCT YOUR £11,695 AND SEND THE BALANCE TO THEFREIGTH AGENT THAT WILL COME FOR THE PICK UP OF THE CAR AT YOUR LOCATION.
THE REASON WHY I AM DOING THIS IS THAT IT TAKES MAXIMUM OF 3DAYS FOR A CHEQUE DRAWN OUT OF A UK BANK TO GET CLEARED IN UK THAN AN INTERNATIONAL CHEQUE FROM BELGIUM AND I WOULD REALLY LIKE TO SPEED UP TRANSACTION IN OTHER NOT TO LOOSE THE CAR.
I HOPE YOU UNDERSTAND MY PLIGTH.
IF YOU ARE OK WITH THIS ARRANGEMENT SEND ME YOUR FULL NAME,ADDRESS,AND PHONE NO WITH WHICH YOU WOULD LIKE TO RECIEVE THE CHEQUE SO I CAN ARRANGE FOR PAYMENT ASAP.
PLS I PLEED YOU IN THE NAME OF THE LORD TO HELP SEND THE BALANCE VIA WESTERN UNION MONEY TRANSFER AS SOON AS THE CHEQUE GETS CLEARED SO MY FRIEGTH COMPANY CAN ARRANGE THE NECCESARY DOCUMENTS SO AS TO EFFECT THE PICK UP AT YOUR LOCATION AND I HOPE I CAN TRUST YOU WITH MY BALANCE I AM TRANSPARENT AND NOT DOWN TO RIPE YOU OFF SO PLEASE BE SINCERE WITH ME AND AS SOON AS THE CHEQUE CLEARS TRANSFER MY BALANCE IMMEDIATELY VIA WESTERN UNION.
I WILL BE WAITINGTO READ FROM YOU SOONEST.
BEST REGARD.
THOMAS WEST.