On Monday 15 August 2005 18:18, Lou Roux wrote:
> Price $1525.00 shipped w/insurance to conus only. Postal money
> order/cashiers check only please.
Lou,
The cashier's check request is why I'm writing.
A cashier's check guarantees only that the person
depositing it will receive the funds within one
day from the bank: it does not guarantee that the
check is genuine. This is the basis of the
fraud where someone sends a cashier's check for
more than the required amount and asks for a
'refund' of the balance.
A cashier's check is no more genuine than a
personal check. I would still require that the
bank verifies the cashier's check before using
the money from it, and certainly before sending
anything to the buyer.
In fact, I would suspect a cashier's check
more than a personal check because the sender
knows the cashier's won't bounce until after
the scam.
Ian, K2 #4962
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