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Could be some entirely different scam? Like they could write cheques in the names of old people with lots of money in the bank, then, if some people cash them i
by Tichy 14y ago
Could be some entirely different scam? Like they could write cheques in the names of old people with lots of money in the bank, then, if some people cash them in, they could approach them and ask for their money back. If some people comply and don't check carefully who the money originated from, they have extracted some money from random people who may or may not have noticed it.
Not sure how cheques work in the US, though - I think we don't have them anymore in Germany.
It is a common scam here to be asked to receive some payments on your bank account and pass them on. When the original owner discovers it, you are the culprit and not the scammer...
- Xylakant 14y agoWe still have cheques in germany. They're rarely used and of limited usefulness in most cases, but if you want to hand over large amounts of money, they can be useful [1]. Our Ex-President Wulff notably received the loan for his house via check. [1] Auctions for example, where the payment must be delivered immediately and cash would be impractical. Usually, in that case, a "Bundesbankscheck" is used which is as good as cash: http://de.wikipedia.org/wiki/Best%C3%A4tigter_Bundesbank-Scheck http://de.wikipedia.org/wiki/Best%C3%A4tigter_Bundesbank-Sch...