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Latest scammer trick
Posted: Mon Jul 13, 2020 10:01 pm
by scotta
My mate Stephen runs a garage that sells some pretty nice stuff.
Someone tried to scam him out of a very nice cayman last week
Re: Latest scammer trick
Posted: Mon Jul 13, 2020 10:16 pm
by Rich B
Well it’s innovative anyway! Cheeky fucks, I’m hoping there’s going to be a part two to this when the police meet him when he comes to pick up his car?
Re: Latest scammer trick
Posted: Mon Jul 13, 2020 10:19 pm
by scotta
Rich B wrote: Mon Jul 13, 2020 10:16 pm
Well it’s innovative anyway! Cheeky fucks, I’m hoping there’s going to be a part two to this when the police meet him when he comes to pick up his car?
I asked that question - no confirmation.
Re: Latest scammer trick
Posted: Mon Jul 13, 2020 10:25 pm
by GG.
Phew. Close call that one. Shows the danger of allowing the processing of loans without call backs and proper verification.
Re: Latest scammer trick
Posted: Mon Jul 13, 2020 11:14 pm
by Orange Cola
Video isn’t working for me, would someone mind summarising?
Re: Latest scammer trick
Posted: Mon Jul 13, 2020 11:20 pm
by Rich B
Orange Cola wrote: Mon Jul 13, 2020 11:14 pm
Video isn’t working for me, would someone mind summarising?
No time, do you have a small/medium business by any chance? can I transfer you £40k for your mustang?
Re: Latest scammer trick
Posted: Mon Jul 13, 2020 11:23 pm
by Orange Cola
I’ve got it to work. As said above I wonder if anyone will turn up for the car.
Re: Latest scammer trick
Posted: Tue Jul 14, 2020 12:33 am
by unzippy
Hang on, is he called James or Stephen? Sounds like a scam, I'm ooooot!
Maybe it's because I've been here so long but it was a pleasure listening to his accent
Re: Latest scammer trick
Posted: Tue Jul 14, 2020 7:57 am
by Marv
Those bounce back loans are only available to business, so if you're selling a car privately then it shouldn't be a problem...that said the scammers will probably find another way. Sneaky bastards...hope they are caught!
Re: Latest scammer trick
Posted: Tue Jul 14, 2020 8:05 am
by Rich B
It’s kind of been the missing link with a lot of these scams, you can set up accounts/loan/credit cards etc in someone else’s name/address or order/buy all sorts, but the issue is always how you physically take the money or goods because it’ll always go to the marks home address/bank account. This one is ridiculously neat, because it allows them to anonymously take the car/keys/paperwork - and the seller even signs it all over!
It’s shocking that it can be that quick and easy to set up such a large loan.
Re: Latest scammer trick
Posted: Tue Jul 14, 2020 10:18 am
by scotta
unzippy wrote: Tue Jul 14, 2020 12:33 am
Hang on, is he called James or Stephen? Sounds like a scam, I'm ooooot!
Maybe it's because I've been here so long but it was a pleasure listening to his accent
Stephen - his dad started the company decades ago and he now runs the business.
Re: Latest scammer trick
Posted: Tue Jul 14, 2020 10:08 pm
by Broccers
Rich B wrote: Tue Jul 14, 2020 8:05 am
It’s kind of been the missing link with a lot of these scams, you can set up accounts/loan/credit cards etc in someone else’s name/address or order/buy all sorts, but the issue is always how you physically take the money or goods because it’ll always go to the marks home address/bank account. This one is ridiculously neat, because it allows them to anonymously take the car/keys/paperwork - and the seller even signs it all over!
It’s shocking that it can be that quick and easy to set up such a large loan.
I believe the trick is to cancel the deal and ask for your 40k transferred back to another account.
Re: Latest scammer trick
Posted: Tue Jul 14, 2020 11:37 pm
by mik
Broccers wrote: Tue Jul 14, 2020 10:08 pm
Rich B wrote: Tue Jul 14, 2020 8:05 am
It’s kind of been the missing link with a lot of these scams, you can set up accounts/loan/credit cards etc in someone else’s name/address or order/buy all sorts, but the issue is always how you physically take the money or goods because it’ll always go to the marks home address/bank account. This one is ridiculously neat, because it allows them to anonymously take the car/keys/paperwork - and the seller even signs it all over!
It’s shocking that it can be that quick and easy to set up such a large loan.
I believe the trick is to cancel the deal and ask for your 40k transferred back to another account.
Not in this case. The scammer has taken out a business loan for £40k in the name of the car dealership. When the money arrived in their account the scammer called and advised he had made the payment. In theory he/she would have arrived to pick the car up and drive away. And the dealership is then expected to pay back the £40k loan he just took out....
Re: Latest scammer trick
Posted: Wed Jul 15, 2020 12:55 am
by integrale_evo
Yeah, but rather than collect the car they could have called up a couple of days later, said they’d changed their mind, change in circumstances etc and asked for their money back, could it be payed into xyz account please, keep £500 for the inconvenience etc.
Maybe easier to ‘lose’ the money that way than an easily identifiable asset gained through deception.
Re: Latest scammer trick
Posted: Wed Jul 15, 2020 6:25 am
by Rich B
integrale_evo wrote: Wed Jul 15, 2020 12:55 am
Yeah, but rather than collect the car they could have called up a couple of days later, said they’d changed their mind, change in circumstances etc and asked for their money back, could it be payed into xyz account please, keep £500 for the inconvenience etc.
Maybe easier to ‘lose’ the money that way than an easily identifiable asset gained through deception.
yeah, it’s a good scam!
Re: Latest scammer trick
Posted: Wed Jul 15, 2020 8:10 am
by mik
Good point.
Re: Latest scammer trick
Posted: Wed Jul 15, 2020 9:02 am
by Broccers
Also the payback of the loan doesnt start until month 13 out of a 60 month term which is on offer.
There is a bit of uproar about the use of the bounce back funding - as long as its paid back I can't see an issue with what people use it for apart from fraud obs. 50k on premium bonds seems a good idea
Re: Latest scammer trick
Posted: Wed Jul 15, 2020 12:08 pm
by Simon
Broccers wrote: Wed Jul 15, 2020 9:02 am
Also the payback of the loan doesnt start until month 13 out of a 60 month term which is on offer.
There is a bit of uproar about the use of the bounce back funding - as long as its paid back I can't see an issue with what people use it for apart from fraud obs. 50k on premium bonds seems a good idea
The uproar is that the govt are guaranteeing any losses so they could get the banks to issue the loans without much in the way of background checks.
So you're ok with taxpayers funding a loss on 'bankrupt' companies that have taken a BBL for a director to spunk on premium bonds or whatever?
There's gonna be a lot of fraud cases to deal with when this is over.
Re: Latest scammer trick
Posted: Wed Jul 15, 2020 12:12 pm
by Orange Cola
I’m interested to see if he follows up and goes for the car or the cash, the obvious one seems to be the cash but that leaves a trail and I can’t see anyone trying to withdraw 40k to clean it, however if he opts to take the car with a V5 and he flips the car to someone else who’s unsuspecting (it’ll have V5, full history etc etc) then that leaves him with ‘clean‘ money and someone else with the stolen goods.
Re: Latest scammer trick
Posted: Wed Jul 15, 2020 12:14 pm
by GG.
integrale_evo wrote: Wed Jul 15, 2020 12:55 am
Yeah, but rather than collect the car they could have called up a couple of days later, said they’d changed their mind, change in circumstances etc and asked for their money back, could it be payed into xyz account please, keep £500 for the inconvenience etc.
Maybe easier to ‘lose’ the money that way than an easily identifiable asset gained through deception.
I agree that makes logical sense but you should be wise to that sort of thing as a business as full payment for good / quick refund and return of the cash is a classic money laundering process.
You'd have to be pretty quick in collecting the car with a scam like this though as it will unravel pretty quickly when the bank sends the confirmatory paperwork for the BBL to the business address (which could be as quick as the following couple of days depending on the efficiency of the bank).