EuroCash.net:
Counterfeit Checks; Check Cashing Fraud
"Shirley Freeman"
Here is an example, Eurocash.net, of a counterfeit
check cashing fraud. In this case, the scammer
uses the job websites, like Monster and Careerbuilder to
find victims, then offer them a fake job, as a "transfer
manager", "financial representative" or "payment
processor" .
The victim is told that for legal or logistical reasons, the "company" needs
a local representative to deposit check sin his bank account, then
simultaneously MoneyGram or Western Union wire 90% of the money to the
"company", keeping 10% "for your work".
Because a cashier's check is often used, a bank will typically release the funds
immediately, or after a one or two day hold. Falsely believing the check has
cleared, the victim wires the money as instructed.
Shortly thereafter, the victim's bank notifies him that the check was
fraudulent, and the bank is holding the victim responsible for the full amount
of the check, as well as possibly criminal charges for passing a counterfeit
check.
There are a number of related scams, all that involve counterfeit checks.
See:
If you believe you may have fallen victim to this type of scam and wish to
report it, please
file a complaint
with the U.S. government
Internet Fraud Complaints
Center
Example of the scam email
My name is Shirley Freeman and I work
for a
company called EuroCash I found
your resume on careerbuilder.com because we are
searching for reliable professionals across the United
States who are interested in a potentially lucrative
partnership with an international firm.
EuroCash is a leading investition company in Latvia
and we are currently expanding our operations in the
United States. But because of various banking and
legal restrictions, we are unable to open commercial
bank accounts in every state. As such, EuroCash is
recruiting partners to conduct simple banking
transactions on our behalf. The process is simple. If you were interested in
becoming a US partner of EuroCash, you would sign
an agreement that would make you an official financial
representative of our company, able to accept invoice
payments on our behalf. Instead of asking our
American clients to conduct complicated international
payment transactions (which are especially complex for
Finland companies), we have them work with our
partners to submit payments. You would then forward
the payments to us, a simple transaction for an individual.
EuroCash pays its partners a 10% commission on
every transaction. In addition, we will take care of
any incremental tax liability you incur. Depending on
which state you are in, and of course on how good
business is, your monthly commissions could be as high
as $14,000 per month. If you are interested in working with us, or if you
want more information, you can contact me directly at
my personal email address: manager@eurocashvat.net .
I'll need your full name and mailing address so I can send you the
contract and other paperwork necessary to get started.
I look forward to hearing from you soon.
Shirley Freeman
manager@eurocashvat.net
www.eurocashvat.net
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