![[STOLEN] C8 Corvette Owner Tells How He Was Nearly Scammed with a Counterfeit Check](https://www.corvetteblogger.com/images/content/2024-2/112524_11b.jpg)
“Let the seller beware” might be the best advice for this C8 Corvette owner.
Frederick Paulino (@killvroom) says in a recent TikTok video that he was recently scammed out of his $61,000 Arctic White Corvette coupe after a fraudulent Facebook Marketplace exchange.
Fortunately, the Stingray has since been found abandoned in an apartment parking lot in Connecticut, but not before some stomach-churning moments for Paulino.
The scam started innocently enough, with the buyer contacting him and offering not only to pay the asking price, but also another $1,000 if Paulino would meet him halfway between their homes with the car and another $500 in case there were delays or issues.
“We met up this Sunday. We were supposed to meet up on Tuesday, but he told me his son got sick and he couldn’t go,” Paulino said, noting that the man paid him with a cashier’s check for $62,500 and the money quickly showed up in Paulino’s bank account before the check bounced the next day.
“He paid with a cashier’s check, and I didn’t find it suspicious at all. I mean, it’s a check; you would expect these banks to immediately know if these checks are fake or not,” Paulino said.
Actually, from my experience, to prevent such fraud, I’ve found that my bank makes me wait for about seven to 10 days before giving full access to such a deposited large check. With the other party still there, I’ve also had my bank get in touch with the issuer of the cashier’s check to verify that the funds are indeed there. Even cash makes me nervous because of the possibility it could be counterfeit.
In this case, Paulino contacted the bank that issued the cashier’s check and was told that there was no such account, the ID the buyer showed him was fake, and the check was fraudulent.
Calls to OnStar and three police stations didn’t get Paulino anywhere, but fortunately the car showed up a few days later.
Like we said, “let the seller beware.”
@killvroom sorry if my voice isn’t too clear, I’m having the worst day of my life. I know there’s other people going through worse but we all have our own struggles. If you have any information please contact me 🙏 #greenscreen #fyp #viral #c8 #corvette #stolencar ♬ Love You So – The King Khan & BBQ Show
Source:
dailydot.com
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I have purchased and sold a lot of Corvettes and other cars over the years. If I accept a cashiers check I go to the bank with the purchaser and stand there with him or her at the bank window while they are requesting the check. If the car purchaser doesn’t want me there or I can’t be there, I tell them that I will give them a signed receipt/sales agreement and will release the car and title as soon as I have verified the funds have cleared into my account. Wire transfers are the best way to ensure the funds make it to the seller.
Money needs to wired, plain and simple.
As the seller, I dictate all the terms. If the potential buyer doesn’t agree. ‘Keep on walkin'”
Any transaction should take place at either the sellers bank or buyers bank to verify that payment cash, bank check. Certified check is valid.
Sellers, don’t be so anxious to sell that you ‘jump through hoops of buyer demands’.
Any offer to pay more than asking for any reason always raises a red flag.
Farse Book is full of scammers who don’t have a life
I once took a cashiers check and it took 21 days for the bank to figure out that the check was legit but stolen from the San Francisco Fire Fighters credit union. The check was for $7000 more than the asking price that he wanted me to give to the transport company. He wanted me to pay to have my car stolen. He kept calling wanting me to release the car. Joking I e-mailed him back saying he had a hell of a scam and I bet he was making a lot of money. The a$$ wrote back wanting me to join his scam. I ended that relationship
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