Scam of the day – July 29, 2013 – Car wrap scams

We have all seen car wraps which are advertisements for a company wrapped around a car.  For someone looking for some money for very little effort, this may seem like a match made in heaven.  But if you are not careful, it could be a match made in scam hell.  One way scammers exploit legitimate advertising through car wraps is by either putting an ad on the Internet or contacting you through a mass email in which they seek people to have their car’s used for advertising through this technique called shrink wrapping.  Unsuspecting victims respond to the advertisement and are sent a check for actually more than the amount that the victim is owed.  The victim is instructed to deposit the check in his or her bank account and wire the rest back to the company.  This is where the scam comes in.  The check that the scammer sends you is a counterfeit and bogus.  Unfortunately, the money that you wire the scammer comes right out of your bank account and is almost impossible to retrieve.  This scam of sending you a check for more than what you are to be paid is used in many other scam variations.

TIPS

Always be wary if someone asks you to wire money to them as a part of a business transaction.  Scammers do this all the time because it is quick and almost impossible to stop.  In addition, even if you get what appears to be a certified check and wait a few days for the check to clear, you will still be out of luck because it takes weeks for a check to fully clear.  What your bank does is only give you conditional credit after a few days, which means that if the check turns out to be a counterfeit, the credit is removed from your account and if you have, in turn, made checks of your own, counting on the check being legitimate, you are out of luck and money.  A check sent to you by someone with whom you are doing business for whatever purpose that is more than the amount you are owed that comes with a request for you to send the overpayment amount back is a scam.  Don’t fall for it.