Have you ever received an email that says that you can work from home by helping cash a check?
from home cash From Home Cash ad
i keep getting one that tell me I can work from home by cashing a check from there company by deposit it into your account and then transfer it to them leaving you 10% of 2500 to 14,000 from there company, your job is to cash and transfer 90% of the check, the check could be either 2500 0r 10000, there having problems cashing it in there states, Should i fall for this or what is this a scam or what?
Any job offer that involves cashing checks or money orders on behalf of your "employer" or receiving payments in your bank account and then forwarding them is a scam. The checks or Money Orders are always fake, altered or stolen. The wire transfers are always from hacked online banking accounts (usually phishing scams).
No legitimate business works that way. There is no legitimate reason to hire a private individual to cash checks or to lend a bank account, because in all cases there are cheaper and lawful alternatives.
Even if the checks were valid (which they are not) and the bank transfers authorized by the owner of the sending account (which they aren’t) this would be *illegal*. If you receive funds in your name that aren’t actually meant for you but for a third party, you are involved in money laundering, which is a crime. You need to be a licensed financial institution to be legally permitted to provide such services. So either way this is illegal.
The way the scam works is the checks and money orders will not immediately be recognized as fake. You may receive cash from the bank which you can withdraw and forward. However when the checks later turn out to be fake you are still fully liable. The bank will immediately deduct the full amount previously credited to your account and you’ll be left owing them tens of thousands of dollars. This is money you can not get back because you the criminals remain untraceable. Usually the money is forwarded by Western Union, which is untraceable or the money is sent to a foreign bank account in a foreign country where the account holder is untraceable (account opened with fake ID, etc). In effect you will have borrowed money off the bank and sent it to criminals.
In addition you can be reported to the police for passing a bad check, which is a crime. You can go to prison for that and some people do.
Typical losses for "employees"/victims in this type of scan are in the order of $40,000 for check deposits and $3000-$5000 for wire transfer deposits. The gangs that run these scams are mostly Nigerian (check scams) or Russian/Romanian (hacked bank accounts).
it’s a scam … the check they send you is fake, meanwhile you give them money, and by the time you find out it’s fake, it’s too late.
a lot of these are out of Nigeria.
There was a woman in Houston who was recently arrested for performing just such a transaction. She was enlisted to receive a check from outside the US and deposit it, in order to send a check from her account to England. It is illegal for an individual to transfer money in this way.
I know it sounds like a way to make money, and maybe a substantial amount, but this woman is now facing years in prison.
Sounds like a scam to me.