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Audiogon sellers, please stop and read this thread

I had a couple listings last week and I received one e-mail from a potential buyer to instruct me to contact him via his private e-mail right away.

I was offered to be paid by Cashier Check rather than Paypal.
I accepted the term that the buyer would have his "agent" to pick up the units for sale. In term, I told the buyer I would only accept the Cashier Check from major banks.

Yesterday, I received an e-mail from the buyer instructing me to deposit the Cashier Check one I receive it BUT since the Cashier Check was made by his "financier" for more than the sale price, the buyer wanted me to cash out the difference and send a Moneygram to his "agent" so his" agent" can pick up the merchandise and the buyer thanked me for my " corporation".

I demand to know if the Cashier Check was made from major banks or not and how much is the difference between the sale price and the amount of the Cashier Check. I have not heard a response from him since then.

What's up? Was I born yesterday or is it a case of innocence
'till proven guilty?
andrewdoan

Showing 1 response by uru975

uru975
684 posts
 
How it works if you fall for it.
Buyer sends a cashier's check for more than the amount. The buyer gets you to deposit the check and refund the amount over the purchase.
What has just happened is the buyer gets free cash from you, it can take up to two weeks for a cashier's check to fully clear. Meaning you are out not just the excess cash but there was no payment for you item either, long after it is gone from you.
As W.C. Field's said "You can't cheat an honest man"
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