It's the old bounced check ruse - An overseas check can take a number of days to clear - meanwhile you send the cash (thinking you have the check in your bank - and perhaps taking a handsome cut of your own). Later, when the bank realise that the check will bounce, your account is readjusted, and you are normally charged a small fee. Of course, the guy is receiving your cash and is very happy indeed.
Yes it is a scam.
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