A Scam to be wary of

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This topic contains 7 replies, has 4 voices, and was last updated by Profile photo of katy katy 9 years, 7 months ago.

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  • #52839
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi all

    although not related to property -purchase I came across a scam yesterday that you should know about. Someone contacted me yesterday offering employment in the “Finance” sector. The company is called WC AG – apparently based in Germany (it is actually a legitimate company).

    They basically contact you explain a little about the company (they deal in currency exchange and transfers) and ask it you are interested in working for them as a local representative. They pay $21 per hour and what happens is you are sent weekly cheques that you cash through your bank, pay the money less your expenses via western union (they also pay a commission of 3-5% of the cheque value.)

    If you are interested they will arrange a telephone interview with you and if “Selected” they will send you a contract to sign

    Sounds perfect doesn’t it – I mean how difficult is it to do that – receive a weekly envelope of cheques that you put into an account and transfer money to them.

    Well here is what happens.

    The cheques they send you are basically stolen or forged cheques that you unwittingly cash for them – and you are the one that carries the can.

    How did I find out about this. Very simply – it sounded too good to be true so I did a search on the company and there was a page full of forums about it and articles explaining how the scam works.

    I cant imagine it will catch too many people out as it does seem to be too good to be true but for sure there may be some out there who are looking for an easy way to earn money (aren’t we all) and may be fooled – so think twice and be careful.

    Remember the old maxim – if it sounds too good to be true then it is.

    Vince

  • #71204
    Profile photo of Anonymous
    Anonymous
    Participant

    Vince

    well done for exposing that, as you say, if it stops 1 person from being conned by these ar**holes, then it’s worth posting.

  • #71205
    Profile photo of Anonymous
    Anonymous
    Participant

    Goodstich44 – hopefully if these things are exposed continually any people become more and more informed then these types of scams will stop. However I am sure they will dream up new ways

    Perhaps even one where you can double your money by buying off plan with guaranteed rentals

    Or has someone already done that one

    Vince

  • #71208
    Profile photo of Anonymous
    Anonymous
    Participant

    @vbtudor wrote:

    Perhaps even one where you can double your money by buying off plan with guaranteed rentals

    Now that does seem to good to be true! 😉

  • #71231
    Profile photo of Anonymous
    Anonymous
    Participant

    vince

    …….or even a scam where you put a third deposit down for an apartment to be built in 18 months, and 5 years later you are told the apartment in your contract has been sold, but you can have another one half the size with no reduction in price, no LFO and then find there was never a BG.

    …..tut tut tut, what ever makes me think a scam could ever be carried out that that’s that bad???

  • #71370
    Profile photo of Anonymous
    Anonymous
    Participant

    vince

    …….or even a scam where you put a third deposit down for an apartment to be built in 18 months, and 5 years later you are told the apartment in your contract has been sold, but you can have another one half the size with no reduction in price, no LFO and then find there was never a BG.

    …..tut tut tut, what ever makes me think a scam could ever be carried out that that’s that bad???

  • #71234
    Profile photo of katy
    katy
    Spectator

    Some years ago I met a woman who lived on the coast and worked from home on the interenet. A bit vague but she said she was transfering money for investors and that she was earning really good salary. 6 months later she was in Alahurín prison! I often wonder if she was an innocent victim. So, you also have to be wary of too good to be true job offers too.

  • #71376
    Profile photo of katy
    katy
    Spectator

    Some years ago I met a woman who lived on the coast and worked from home on the interenet. A bit vague but she said she was transfering money for investors and that she was earning really good salary. 6 months later she was in Alahurín prison! I often wonder if she was an innocent victim. So, you also have to be wary of too good to be true job offers too.

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