money laundering

Connecticut Fake Checks (Forwarding Excess) Scam

SOUTH WINDSOR, Connecticut police today warned of a fraudulent checks scam in which residents have been receiving bogus checks from FedEx or U.P.S. The checks are made out to the resident, and a form letter instructs the recipient to contact the sender via e-mail for further instructions.

The scam works by having the unsuspecting recipient deposit the check in their checking account, and then transfer some or all of the money to the sender, police said. Banks later learn that the checks are fake. The victim loses the money they have transferred to the sender because the money that is wired can not be retrieved, police said.

Just another twist in the advance fee scam, using the postal mail, before reverting to email removes one level of obvious inauthenticity.

That ‘Check Receiving’ job IS a scam!

Here’s a recent scam job offer I received, one of many. Better written than usual, but the same tagline – ‘Payment Processing‘ (aka ‘Transaction Processing Agent‘ etc). This scam involves sending the victim a large check, then asking him to deduct a commission (usually 5-15%) and then to send the rest on to a third party, usually by money order, or our good friends at Western ‘The Scammers Best Friend’ Union.

The hit comes when the original check bounces. This may take up to three weeks, by which time many more checks may have been ‘processed’.

Just because your bank accepts a check, doesnt mean it’s good – it just means that until it has cleared, it’s good.

And it’s no use crying to the bank – it’s YOUR money that you’re sending, not theirs and if that means you own the bank that money – well, you owe the bank that money.

There’s also another nasty aspect to this scam – the victim may (unknowingly) be taking part in money laundering activities to terrorist organizations, crime syndicates etc. and the cops may want to know why you’re helping them!


From: Mr. Luan Newborn

(Public Relations Officer)

Dear Friend,

I would like to get right to it and let you know that this program is only for serious-minded marketers who believe in taking action and making things happen…

But Please: Understand that most marketers out there jump-around from one thing to the next and treat this business as a game. Most out there are not serious and have no “real” intention of ever really making any kind of difference in their lives.

Most people also believe they can “make it” in this business “on their own” and it seems those people continue to fail over-and-over again. Since we cannot possibly work directly with every single person out there, this program is “limited” and only for serious minded individuals in the globe.

(more…)

Skype Chat fails Scamdex Reporting Criteria

Scamdex believes that every provider of interactive services should have, front and center, a simple way to report abusers of it’s service. So, a provider of free email needs to

have an easy-to-find way to report people using it’s email for scamming or spamming. This reporting should be linked directly to a mechanism which flags the account and, if possible, immediately suspends the account until the claim has been verified.

Remember, in most cases we’re talking about ‘free’ services, with little or no verification of any of the registration data. In that environment, the strictest possible enforcement should be used.

Providers of these free services (gmail, hotmail, AOL, yahoo etc etc) almost always fail these seemingly obvious criteria and actually contribute to the deluge of spam and scams by their inaction.

In the past two days, I have used two services and got two different scam solicitations.

(more…)

e-Gold indicted on money-laundering charges

e-Gold, in Melbourne, Florida issued the following shock announcement on their website.

“On April 24, 2007, a Federal Grand Jury handed down an indictment charging e-gold Ltd., Gold & Silver Reserve, Inc., and the Directors of both companies with money laundering, operating an unlicensed money transmitter business, and conspiracies to commit both offenses.”

If half of what they claim is correct, they are being subjected to overreaching and unfair treatment by the US Justice Department. Obviously this is a legal area that challenges the most experienced legal & financial minds and breaks new ground on long-founded laws, designed to deal with bricks and mortar institutions (banks) and bricks of actual gold.

They go on to claim that their security measures are more stringent than those of banks, and that as they only ever accept bank-to-bank transfers (no cash or check operations), they cannot be accused of money laundering as no money is involved.

(more…)