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Hopefully this has not happened to anyone here!...Unfortunately it has happened to others or posting this would not be necessary. If you can, copy and paste this on other forums and classifieds.

Cashier's Check Fraud Scam
Posted: 06/17/03
Attorney General Salazar Warns Consumers To Be Wary Of Cashier's Check Fraud Scam

In recent months there have been reports of counterfeit cashier’s checks. The fake cashier’s checks may appear to be authentic -- including the name of a legitimate United States bank and even containing the magnetic routing codes that appear along the bottom of the check.

This is how the typical cashier’s check scam works. A seller is advertising a valuable item over the Internet. A "buyer,” often from a foreign country, contacts the seller about purchasing the item and states that he plans to use a cashier’s check issued from a bank in the United States. The buyer tells the seller that he either mistakenly sent too large a check, or that he will be sending a check for more than the purchase price. In either event, the seller is instructed to immediately wire the "balance" back to the buyer.

The unsuspecting seller then deposits the cashier’s check in their bank account. Under federal banking law, the customer's bank is required to make those funds available to its customer on the first business day after the funds are deposited. So, the unwary seller is able to withdraw the "overpayment" before the check winds its way back to the bank that supposedly issued it. That can take seven days, or even longer. Of course, after wiring the money back to the buyer, the scam artist is nowhere to be found.

According to the Colorado Bankers Association and the Independent Bankers of Colorado, the consumer -- not the bank -- is responsible for counterfeited funds they deposit into their account. That is because, under Colorado law, a consumer depositing a check into their account makes certain warranties to the bank regarding the authenticity of that check. If the check is ultimately dishonored, the seller becomes obligated to pay the amount due on the check. The bank whose name appears on the counterfeit check has no responsibility to honor it.

In order to avoid becoming a victim of this scam, the Colorado Bankers Association, the Independent Bankers of Colorado, and my office, offer the following tips whenever you are offered a cashier’s check:

* Never accept a cashier’s check for an amount greater than the purchase price.
* Call the bank that issued the cashier’s check when you receive it. Do not rely on the phone number that the buyer gives you. Locate the bank’s number from a reliable source, such as a phone book.
* When calling a bank, verify the following information: the check number, the name of the person to whom the check was issued, and the amount of the check.
* Be sure to wait until you can verify the authenticity of the check prior to giving the buyer the goods. Sometimes these "buyers" wait to give the seller a check on the weekend or when banks are closed, and the check cannot be verified right away


Citizens are warned that fraudulent cashier’s checks are not limited to Nigerian scams, but are used in a variety of transactions. Victims of a cashier’s check scam should contact their local law enforcement agency. Victims of the Nigerian cashier's check scam should also contact the U.S. Secret Service at (303) 866-1010.

SORRY SCAMMERS WE ARE INFORMED BUYERS AND SELLERS!!!
:laughhead: :laughhead: :laughhead: :laughhead: :laughhead:
 

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:pissed2 Yes it has happened to other ppl.. I wanna also help others become aware of these counterfit cashiers checks... EVERYONE THATS SELLING ITEMS ON THE INTERNET BE AWARE OF THE SCAMS THAT ARE GOING AROUND.. Someone contacts you and says their gonna send you a cashiers check for a large amount of money and you take your price out for you item then send them back the remaining balance so their US shipper can come get your item.. DONT fall for this.. Some of the checks have gone threw and people are getting hurt in the process.. And losing their items..Plus getting in to trouble for these checks and its not our faults. And some of the checks dont make it threw cause the US is catching on to this scam thats going around.. The cashiers checks are counterfit some of us are not letting these ppl know that we know about it and having them send the cashiers checks so we can contact the FBI and local police department.. Take them to your bank have them check them out and then once they say its counterfit contact authorities. SO BE AWARE EVERYONE!!!!!
 
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