How does this fraud work?

[JavaBrewer]

Banks don’t issue cashiers checks if the cash is not in the account. Once they draft the check the cash is removed from account just like a withdrawal. You would think Chase bank would be able to verify the check genuine, created by them, onsite at your local branch. I did that with the buyer of my 996 years ago. Drove with him to local branch and they verified the check was their origin. I signed over the title in the parking lot and handed him the keys. Done. Or was I just lucky?

[Steve Carlton]

I messaged him that I'm passing on the deal. I don't want to spend time checking out his check and losing 10-90 days on fraud. Nobody buys a car sight unseen, and sends more than the needed amount of valid funds to pay a shipper. The shipper refund came up later, BTW.

[jasonpickett]

Originally Posted by JavaBrewer

Banks don’t issue cashiers checks if the cash is not in the account.

The cashiers checks I was sent the guy bought the checks from staples and printed his own numbers on them. They looked legit till the routing or account number was ran then it didn’t match the bank.

Post office money orders are easy to forge also. When I was a Correctional Officer we used to get a lot of fakes in the mail being sent to inmates.

[cstreit]

If the fake is good enough - it will clear for a time, then be pulled.

They hope that a certain amount of people will allow themselves to be pressured into sending payment to the "mover" who is them or their agent, before it bounces.

[cstreit]

Originally Posted by Dantilla

This guy has no interest in buying your car.

Should have let him waste his money on FedEx though.

[john70t]

Originally Posted by cstreit

If the fake is good enough - it will clear for a time, then be pulled.

Same bank.
Should be able to verify bank-check written on verified bank-funds instantly.
(one would reasonably assume in this day and age)
If not, then why?

Should be on them...

[Steve Carlton]

Got a text from the criminal and replied I told him I'm not taking this deal. The check arrived this morning from a sender in Kentucky made out for $3,000 more than the price of the car. And it was a forged company check, not a cashier's check from a company in southern CA. I called the company, got some crummy attitude, and the owner was supposed to call me back in 10 minutes or so. 2 hours later- crickets. The woman on the phone said they had a lot of calls about checks they didn't write.