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gregmoeck · 15 March 2011, 08:31 AM

everyone should go to the "watchout" section and read about this wire transfer / deposit ordeal that happened to soupyfireguy

http://rolexforums.com/showthread.php?t=167200

Jason71 · 15 March 2011, 08:36 AM

Good to know. Thanks for the info

HKtoter · 15 March 2011, 08:39 AM

Read it yesterday. Ticked me off

Newportkrieger · 15 March 2011, 08:53 AM

ONLY ACCEPT A FEDERAL FUNDS WIRE TRANSFER!!! It is a electronic chashiers check that can not bounce or be taken back. They cost up to $40 for a bank to process and can not be processed without good funds at the senders end.

Electronic wire transfers can be taken back or bounce!

Federal Funds Wire transfer = Electronic CASH

Electronic Wire transfer = Electronic PERSONAL CHECK

nch209 · 15 March 2011, 02:01 PM

Quote:

Originally Posted by Newportkrieger

ONLY ACCEPT A FEDERAL FUNDS WIRE TRANSFER!!! It is a electronic chashiers check that can not bounce or be taken back. They cost up to $40 for a bank to process and can not be processed without good funds at the senders end.

Electronic wire transfers can be taken back or bounce!

Federal Funds Wire transfer = Electronic CASH

Electronic Wire transfer = Electronic PERSONAL CHECK

Is there anyway for a buyer to reverse a Federal Funds Wire transfer? In other words, will the bank be able to tell me that the funds are in my account- and no way they can be transferred back to the buyer? Are there any scams to be aware of concerning Federal Funds Wire transfers?

I HATE reading about these scumbags, but would like to get useful info out there to help others.

Thanks in advance,
Nate

sgrodz · 16 March 2011, 12:28 PM

Thanks for sharing. . .can never be to careful!

HL65 · 15 March 2011, 09:52 AM

Better yet- deal with trusted people you know and save any worry at all!!
If you selling to a stranger- as stated above fed funds only!

nauticajoe · 15 March 2011, 10:22 AM

I read the same post in p.com.

Also, here's addt'l info. from Micah:

The name is Herbert Tan. He's apparently resurfacing, going as Bet Tan on facebook and bettan on some forums.

IN MY OPINION, YOU MIGHT WANT TO BEWARE!

Last known email [email protected]

I THINK YOU SHOULD STEER CLEAR!

Be careful out there guys.

Michael M. · 15 March 2011, 11:40 AM

Awesome info, thanks for the alert!

MortgageGuy · 15 March 2011, 12:55 PM

Oh my, thanks for the info

nch209 · 15 March 2011, 01:45 PM

Thanks for the info. I have been trying to do my best research about how to accept wires, so this is much appreciated. Dealing with trusted people is the key. It sucks all these scammers are out there- don't get me started...

Rollie2011 · 15 March 2011, 01:59 PM

Thanks!

Luxe Time · 15 March 2011, 02:01 PM

Interesting and helpful information.
Thanks for sharing

15 March 2011, 08:31 AM	#1
gregmoeck "TRF" Member Join Date: Mar 2010 Location: Maui Watch: Patek Posts: 2,032	SCAM Alert - Don’t let this scam happen to you. everyone should go to the "watchout" section and read about this wire transfer / deposit ordeal that happened to soupyfireguy http://rolexforums.com/showthread.php?t=167200

15 March 2011, 08:36 AM	#2
Jason71 "TRF" Member Join Date: Mar 2009 Real Name: Jason Location: USA Watch: Rolex/Tudor Divers Posts: 7,973	Good to know. Thanks for the info __________________ Best Regards, Jason Just Say "NO" to Polishing Card-Carrying Member of the Global Association of Retro-Grouch Curmudgeons LIfe is too short to wear inexpensive watches PLEXI IS SEXY

15 March 2011, 08:39 AM	#3
HKtoter "TRF" Member Join Date: Aug 2010 Real Name: Steve Location: Roll Tide Watch: 16710 Pepsi Posts: 1,025	Read it yesterday. Ticked me off __________________ LUG HOLE LOYALIST

15 March 2011, 09:52 AM	#7
HL65 TRF Moderator & 2024 SubLV41 Patron Join Date: Dec 2007 Real Name: Ken Location: SW Florida Watch: One on my wrist. Posts: 64,004	Better yet- deal with trusted people you know and save any worry at all!! If you selling to a stranger- as stated above fed funds only! __________________ *SPEM SUCCESSUS ALIT*

15 March 2011, 12:55 PM	#10
MortgageGuy "TRF" Member Join Date: Jun 2009 Real Name: Adam Location: Orlando, Florida Watch: Me Posts: 9,935	Oh my, thanks for the info __________________ The richest people in the world look for and build NETWORKS, Everyone else looks for work... Robert Kiyosaki

15 March 2011, 08:53 AM	#4
Newportkrieger Banned Join Date: Nov 2009 Real Name: Steve Location: Newport Beach, CA Watch: GMT Master Pepsi Posts: 1,243	ONLY ACCEPT A FEDERAL FUNDS WIRE TRANSFER!!! It is a electronic chashiers check that can not bounce or be taken back. They cost up to $40 for a bank to process and can not be processed without good funds at the senders end. Electronic wire transfers can be taken back or bounce! Federal Funds Wire transfer = Electronic CASH Electronic Wire transfer = Electronic PERSONAL CHECK

16 March 2011, 12:28 PM	#6
sgrodz "TRF" Member Join Date: Oct 2009 Real Name: Shawn Location: Burlington, CT Watch: I like lots Posts: 4	Thanks for sharing. . .can never be to careful!

15 March 2011, 10:22 AM	#8
nauticajoe "TRF" Member Join Date: Feb 2010 Real Name: Joe Location: PA Posts: 14,774	I read the same post in p.com. Also, here's addt'l info. from Micah: The name is Herbert Tan. He's apparently resurfacing, going as Bet Tan on facebook and bettan on some forums. IN MY OPINION, YOU MIGHT WANT TO BEWARE! Last known email [email protected] I THINK YOU SHOULD STEER CLEAR! Be careful out there guys.

15 March 2011, 11:40 AM	#9
Michael M. Banned Join Date: Aug 2010 Location: Newport Beach, CA Posts: 8,391	Awesome info, thanks for the alert!

15 March 2011, 01:45 PM	#11
nch209 "TRF" Member Join Date: Jul 2007 Real Name: Nathan Location: Northern Virginia Posts: 2,775	Thanks for the info. I have been trying to do my best research about how to accept wires, so this is much appreciated. Dealing with trusted people is the key. It sucks all these scammers are out there- don't get me started... __________________ nch209

15 March 2011, 01:59 PM	#12
Rollie2011 "TRF" Member Join Date: Mar 2011 Real Name: John Location: Palm Beach, FL Watch: Sub-C + Exp 42 Posts: 1,654	Thanks!

15 March 2011, 02:01 PM	#13
Luxe Time "TRF" Member Join Date: Dec 2008 Real Name: Raja Location: Connecticut Posts: 951	Interesting and helpful information. Thanks for sharing

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