The overpayment scam
WebbCounterfeit check scams always use the same basic scenario; the fraudsters send counterfeit checks to potential victims and con them into depositing it in their bank account. The fraudsters then ask that part of the money be returned in cash or by wire transfer. By the time a victim learns from the bank that the check is bogus, it’s too late. WebbThe overpayment scam is one of the oldest tricks in the book. This occurs when a customer comes up with a reason to overpay on a bill or invoice using a check. They typically then ask you to wire back the extra money …
The overpayment scam
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WebbHow this scam works. If you are selling something online or through classifieds ads, you may be targeted by a cheque overpayment scam. The scammer will contact you, make … Webb5 okt. 2009 · The cheque is a forgery, but before it clears the fraudster will engage you in some long-winded explanation about how an overpayment was made and how you can refund most of the balance, usually keeping a tidy amount for yourself. According to Hoax Slayer, such scams usually target “high-ticket” items like cars and electronic goods.
WebbHow the scam works. If you're selling items through ads or online auction postings on websites such as Craigslist, you may receive a check overpayment scam in response. Here is how it usually works: You, the seller, are contacted by an alleged buyer. The "buyer" offers to pay with a cashier's personal, government, or corporate check. WebbHow to Avoid a Scam. Protect yourself, friends, and family — If you receive a suspicious call, text, email, social media message, or letter from someone claiming to be from Social Security: Remain calm. If you receive a communication that causes a strong emotional response, take a deep breath. Talk to someone you trust.
Webb2 dec. 2024 · The overpayment fraud tricks you into refunding money to a scammer who has overpaid you with a bogus cheque or a stolen credit card for an item you’re selling. … Webbför 2 dagar sedan · Unfortunately, since the check was fake, you could owe the bank a returned check fee. You’re also out any funds you wired to them and the product if you …
Webb19 jan. 2024 · 3. Overpayment scams when selling items. An overpayment scam happens when a buyer overpays for an item and then requests a refund through another account. …
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