Thread: purchaser scams
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Join Date: Mar 2004
Location: Los Angeles
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Quote:
Originally Posted by Arne2 View Post
I went through some of this when I sold my 240Z to a gentleman in Norway. Researched the wire transfer bit, my bank assured me that the routing info that I would give to the buyer could not be used to withdraw funds, only to deposit. And despite the claims from a few people, most people (including my bank) said there is no possible way for wired funds to be "recalled" or reversed. Once they are in your bank, they are yours.

Not saying that this is not a scam, but that using wire transfers is not part of the scam.
Absolutely correct. When people buy houses, they wire a heck of a lot more into a bank account, sure, usually done through escrow co.
Old 02-16-2015, 07:55 PM
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