Lancia Motor Club Forum Banner
19 August, 2019, 04:54:54 AM *
Welcome, Guest. Please login or register.

Login with username, password and session length
 
   Home   Help Search Calendar Register  
Pages: [1]   Go Down
  Print  
Author Topic: Overpayment Fraud  (Read 589 times)
0 Members and 1 Guest are viewing this topic.
Richard Fridd
Permanent resident
**
Offline Offline

Posts: 2839



« on: 16 August, 2017, 06:53:35 PM »

A strange thing has happened. I was in the process of selling a secondhand book. I was promised a cheque in the post for a small amount, but nothing received. Oddly enough a building society cheque has arrived for thousands of pounds, from a London company. Please beware of this kind of thing.
« Last Edit: 17 August, 2017, 08:06:15 AM by Richard Fridd » Logged

Richard Nevison Fridd
Scott
Megaposter
*
Offline Offline

Posts: 218


« Reply #1 on: 18 August, 2017, 06:38:15 AM »

Thanks Richard. A seemingly odd fraud at first glance but a serious one to be aware of.

It works off the back of the cheque clearance foibles. The victim cashes the cheque and sees almost straight away the amount in their bank account since their bank, in good faith, believes the cheque will clear. The fraudster then goes "oops I accidentally overpaid because ... can you refund the difference to this account ...". The victim does in good faith because they believe they have the fraudsters funds fully in their bank account; that cheque cleared after all. But days later once things have done the rounds in the clearance system the cheque bounces (sometimes the cheques are just clever forgeries) and those supposedly cleared funds are immediately removed from the victim's bank account. Except the victim has also now paid the fraudsters an effective cash refund direct to their account. Ouch.

If something ain't right i ain't right! I guess that's why PayPal are doing so well...
Logged
Richard Fridd
Permanent resident
**
Offline Offline

Posts: 2839



« Reply #2 on: 18 August, 2017, 08:46:12 AM »

The fake. The 'perforation' is a cut. I have contacted the company whose name appears on the cheque. The account has been closed, and they are aware of this happening before.


* fraud2.jpg (1053.66 KB, 2560x1920 - viewed 51 times.)
« Last Edit: 18 August, 2017, 09:01:52 AM by Richard Fridd » Logged

Richard Nevison Fridd
Scott
Megaposter
*
Offline Offline

Posts: 218


« Reply #3 on: 18 August, 2017, 10:20:52 AM »

Someone in admin at Forensics Control had openly twittered earlier this month:
Quote
@hsbcukbusiness Spoke with call centre re. fraudulent cheques being raised on our old HSBC biz a/c. Didnít seem interested! Who can we tell?
That post seems to have, um, mysteriously disappeared though! Inevitably because it's not very good publicity for and from a company that specialises in fraud and cybercrime. Oops!
Seems like they've upset someone along the way who is now trying to get revenge with fraudulent cheques in their name!
Obviously you're not going to cash the cheque Richard and I hope you didn't lose out on the book you were selling.
It's a shame there are these kind of people out there ...  Angry
« Last Edit: 18 August, 2017, 10:22:32 AM by Scott » Logged
lancialulu
Press Officer
Permanent resident
*****
Offline Offline

Posts: 3542



« Reply #4 on: 18 August, 2017, 12:43:44 PM »

When I was running a charity we had someone presenting fraudulent cheques (that had been expertly forged). Bank was very interested and stopped the money. I would just take it in to the local HSBC bank as the real account holder may not know it is being duplicated.....
Logged

Its not the winning but taking part! or is it taking apart?
1955 Aurelia B12
1967 Flavia Vignale iniezione
1967 Fulvia HFR
1972 1600 HF
1972 1600 Fulvia Sport
1978 Transformer HF3000 Strato's replica
1979 2500 Gamma Coupe
1988 Delta 1.6GTi.e.
Richard Fridd
Permanent resident
**
Offline Offline

Posts: 2839



« Reply #5 on: 18 August, 2017, 12:59:08 PM »

The account holder has closed the account and I still have the book.
Logged

Richard Nevison Fridd
peteracs
Administrator
Rebel Poster
*****
Offline Offline

Posts: 653



« Reply #6 on: 18 August, 2017, 04:42:15 PM »

We once had a similar fraud at work. A company supposedly ordered an item, paid by what was called bank transfer to our account which showed as much to much money after being invoiced. As mentioned above they then asked for a refund, which is a subtle twist on the above as with bank xfers you normally have the money in the account before it shows up, so you think the funds are for real. The banks xfer was of course a paid in cheque and the account holder was not aware that a cheque had been used from their account.

Golden rule is to talk to your bank, who passed me through to their fraud dept and explained the scam.

Peter
Logged

Beta Spyder S2 pre F/L 1600
Saab 9-3 1.9Tid Cabrio
Pages: [1]   Go Up
  Print  
 
Jump to:  

Contact the Forum Administrator

LMC Forum copyright © 2007 - 2018 Lancia Motor Club Ltd

Powered by SMF 1.1.20 | SMF © 2006-2011, Simple Machines