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Used Car Sellers, Watch Out for the
African Buyer Scam!
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Seller deposits the buyer's "certified" check or money order in his
bank account. The bank adds funds into the seller's account, even
though the check has not cleared.
- Seller withdraws funds out of his account for certified check or
money order to send (via express mail) to "shipper."
- A few days later, the seller's bank reports that the "certified"
check or money order is counterfeit and removes all the original funds
previously deposited to the seller's account.
- By this time, the seller's check or money order has been cashed,
funds debited from his account, and he realizes he's been duped. His
account may be overdrawn. There is no way to contact the "buyer" or
his agent to recover the money. The bank declares no responsibility.
- The "buyer" moves on to the next victim. The seller still has his
car along with a seriously damaged bank account.
Now you know. Don't get caught in this increasingly common scam.
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