The Nigerian Counterfeit Cashier's Check Scam
The Nigerian Counterfeit Cashier's Check Scam involves a response to an online offer to sell or auction goods (usually expensive items). Here is how the new scam may unfold:
* The con artist "buyer" emails the seller to express interest in the item, offering to pay with a U.S. bank cashier's check.
* Once the offer is accepted, the "buyer" makes some excuse for sending a cashier's check that is several thousand dollars more than the cost of the item and wants the seller to send excess money: 1) to cover transportation costs for the purchased good; 2) because the buyer's secretary made a mistake and put the wrong check in the envelope; 3) with the purchased product; or 4) to a third party to cover an existing debt.
* Credibility is added to the ploy when the "buyer" insists that the money only be sent after the cashier's check clears.
* The cashier's check is an elaborate counterfeit and it takes the bank longer than usual to discover the fake.
* The seller thinks they have received a good check and sends the good and the “extra” cash.
* The bank notifies the seller the cashier’s check is a counterfeit and removes the check amount from the seller’s account. The seller lost the goods and cash.