Quote:
|
Originally Posted by Condoluminum In my new job as Risk Manager for large Credit Union, it is amazing how many scams we see every month.. Most are stopped, but many work, and we and members are both experiencing losses... |
Great list! Thanks for sharing!
I have a related story to share about the time I sold my motorcycle on craigslist -- I ended up only accepting cash for the sale. The reason I did this was because my bank advised me to only accept cash when I told my bank about the impending sale and asked them what forms of payment I could accept from the buyer that would insure 100% that I would receive the funds. I'm still stunned with the answer they gave me -- cash! I find it hard to believe in this day and age that cash is the only guaranteed form of payment.
I asked about a certified bank check and the banker indicated that there is no such thing any longer and that there is no guarantee with a check, i.e., that months later it could still reject and that I would be responsible for the funds! Are there any other bankers or others out there that can corroborate this story?
