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Used Car Sellers, Watch Out for the African Buyer Scam!

These new-age scammers. They prey on unsuspecting folks who are trying to sell used cars (or other items) through Internet classified ads or an "autotrader.com" web site.

Even though this scam has been around for a few years and has been publicized in many news stories, there are still people who haven't heard about it -- and are at-risk to be victimized by it.

Here's how the scam works. Note that the details can be different, but the general scheme is always the same.

- The used-car seller receives a long, polite email from a potential buyer who lives/works/travels in Africa/Europe/Asia and is interested in buying the advertised car, sight-unseen, at the asking price.

- The email sender says that he has a client/agent/partner in the U.S. who will handle pickup and shipping of the vehicle.

- The sender says that he will send a certified cashiers check or money order for the car and asks for the seller's name and mailing address.

- The check or money order arrives but the amount is greater than the cost of the car, purportedly to cover shipping costs. Seller is asked to send a cashiers check or money order to the "shipper" for the amount of the extra money...

 

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