Possible scam on new boat, Input and opinions
 

I have a individual who claims to want to purchase a new boat from us. Of course they want to pay in 10K payments. I am pretty sure its one of those BS scams. However if they wire transfer me 10K and don't take delivery of the boat, how can I get ripped??

WILL:hitfan:

They are most likely just trying to get your bank account information. Open up a separate account and as soon as they make the transfer, move that money into your other account.

Then again, maybe it's for real! Good luck!

make it bank to bank routing only to a savings account and keep the boat to balance zero. get the cash you have all the cards. make your bank protect you. it's what you pay them to do.

Yea I was think along the same lines, what if I have them wire into an account my bank has or just a empty account that has no ties to me or the company?? I am pretty sure its BS but, the individual has said nothing about shipping the boat and he listed a address as only about 40 miles away??

It actually sounds to me like a guy with some cash that he has not documented so he does not want to make any huge transactions, move it in small pieces and no flags pop up. I would still be very carefull but I would see where it goes.

Good luck Will I hope it's works out. :D

If he's 40 miles away, then tell him to bring you cash.

they want your acct # and routing # so they can make counter fit checks like the one i got for my motor have you apoken to them on the phone or only by email. if he calls from a phone find out the name and adress its under make sure its not a payphone. the check scams are usually only by email

Tony,

So I guess you can still get scamed, they used the routing # and account # for another check??

the local Cadillac dealer in town got involved in a few deals like what your saying. The I.R.S. got involved somehow and things got ugly. Was in the news for weeks.

Will sure if he can print legit checks like the ones they sent me all he needs is your acct number and bank routing number and bingo he can write a check from your acct. did he call or is everything email and did he use yahoo.

He is supposed to call today to set up when and how he will sign the documants? We will see??

If this is a money laundering scheme, why would you want to help someone do that?

Michael

Keep in mind the $10,000 rule! It is not per transaction...it is an aggregate over a period of time. You could get in deep dodo if you do this deal and over 10K changes hands in cash without filling out the required forms. Being a coindealer I am well aware of the consequences of cash transactions. I never do deals over 10K in cash. I have lost some business because of this. I also no quite a few dealers that ended up in jail for doing this! As they say, ignorance of the law is no excuse.

Well he keeps e-mailing claiming he is going to call today?? I told him we needed his address for the paperwork and warranty package. Also my bank needs his routing # and account # to verify funds?? I still thank its a scam, but we will see how far it goes?

WILL:evilb:

Your not going to believe this, THE GUY ACTUALLY CALLED, heavy accent and now wants the boat shipped to spain. Still the same story, will make instalments of 10K until the price is paid and then ship the boat?? I am going to go see if my bank has a account set up for this:angry-smiley-038:

WILL

damm right they can do that, happened to me last Sept, they printed 200 checks in my company info and company account number, but used my bank rep's name on the check, fortunately the checks got routed to my bank where she works and she caught it... check company is out of Ft Worth TX, absolutel scam on that deal.... they could have wiped me out

Well my bank >>>> was very little help, asked them if they have an escrow account for transfers, nope not really. They said they can set up another account but if it has fraud tied to it comes back on us?? WTF whats the point then?? I asked how they would handle a legit wire transfer and they were like just give the account # out? Again WTF I asked if I get the customer account # and routing # can they verify it is legit and have funds securely sent, "Not really" not sure how that would be done?

Are American Banks stupid? How can they allow fraud from just the #'s but not be able to check on other bank accounts?? American banks need to step up!!

they dont care they just raise the intrest on everyones credit card and say it is cause of fraud i called local feds when i got the fake checks they did not care just go to some web site and make a complaint thats what they told me. i asked the guy you dont want the ups envelops and tracking # to see where they are from . maybe later on we may need them just make a complaint on the web site. thats the attitude these days nobody cares and thats why the country is in a heap of sh-t.

AMEN to that.

BAJA.....Are you a dealer.....if so, your manager and CFO knows what kind of trouble you would be asking for taking 10k payments....just one 10k cash payment puts you up the creek without the proper paper work....

Sounds like a scam!

spain was the clue, your deal is toast. yes banks suck if you don't deal with the top person and even then it may suck more. i like small banks/ c. unions that bake cookies.

Yea the guy has provided nothing other than a short phone call. I was pretty sure it was a scam.

I wonder about the comments about us getting in trouble if some one pays us in 10K increments???? Before I was in the boating business I purchased items with cash over 10K What is the problem?? Hell a close friend of mine is a developer and took payment on a entire house in cash?? Is it againist the law to purchase expensive items with cash???

Confused:cool-smiley-026:

WILL

It is not against the law as long as you file the proper paperwork with the government. I wish I could remember the form. If you deposit more than 10K in cash at the bank the bank has to report it as well. I believe it was origionally started to stop laundering drug money but has evolved into terriost money as well.

You should see what the patriot act is doing to coin dealers! If you deal in more than 50K a year in bullion related business you basically become an extension of homeland security. A plan has to be in place to recognize a terroist,etc. Depending on your size you may even have to have a dedicated employee! If you don't comply they can confiscate everything you have! How does that grab ya?

BAJA....There is nothing wrong with paying $10k in cash....but you have to fill out a IRS form and send it off....people who truley make that money that they claim to the IRS have no problem filling it out....but its the people who do not claim all the money they make who will not fill this out......many of dealers have been burn and have been fined big money along with a few who went to jail for not having the paper fill out.....

The form is called the: IRS Form 8300.

Not illegal as long as you complete form 8300 for the IRS.

OK, thanks for the clarification, :D

WILL

If anyone is still watching the saga goes on, the guy now sent me a address in madrid? and a name and phone # of his banker who is incharge of transfering money????? I still thank its a scam. If anyone has a way of checking this out I would appreciate it.


Hello Will, Here is what you requested

ADDRESS: calle leganes 23 fuenlabrada 28946 madred spain
PHONE: 619166949
Ask to speek with the collins wilson He is the one directly incharge of payments He will be expecting your call. his direct line is 0034619166949.


Probably just a big waste of time??

they misspell words so you will think it is real. ebay is full of this crap. the over payment'refund/cash back scam is a good one. my favorite is the prince that wants to hide money in my account until he returns to power/throne. classic stuff.

Is not that we condome fraudulent business or transactions, but we like to make deals happen as long as they are under regulations and guidelines.

Baja, I have dealt with customer in the pass from countries that tend to be a little bit on the lefty side and they have what they call Exchange Control, govertments do this to control the amount of Dollars, Dollars that comes out of their pockets.

Regardless of my opinion due be very carefull, no doubt the devil is out there always trying to reinvent the wheel.

Another subjection is a PayPal account.

Baja, the country code is good for spain, the address is a bit funny.

Is it possible to get some type of check or money order sent from them. Then you do not give out your acct info. You need to sit and wait for it to clear but since you have the boat you are not getting hurt.

He can't argue that he is in a hurry and can't wait since he is sending installment payments.

You NEVER want to take a check or money order. Period. They can be found to be fraudulant up to 6 mo, then the funds are pulled. Talk with an escrow company. This is why they exist. My guess though, it's a scam.





Darrell.




Darrell.

Thanks for all the input, at this point I gave him the option to bring cash, provide me with his bank information and account/routing# and let our banks do the transfer oh or western union. Or I said I could bill his Visa/master card?? Again I am still pretty sure the whole thing is a scam, thus why I haven't given our #s out and won't.

Thanks

WILL:D