The criminal imposter will usually FedEx overnight you a real looking, but fraudulent 1st-line Equipment business check (which is a EFT check aka Electronic Funds Transfer) between $3k-10k which he will tell you to deposit and wait for the funds to clear in a few days. Just to note, although a bank will not tell you, it really takes 21 days to clear. The check will look very legitimate, but it is fraudulent. Checks will be overnighted from Indiana, New York, California, and even New Jersey.
The criminal will ask you to make purchases on our behalf to send to other locations using your credit card. The criminal imposter is involving you in a crime ring. He is selling goods at a discount on Amazon, Ebay or other channels at reduced prices. The criminal imposter will keep the proceeds from his sales, while you are directed to order the merchandise from the web sites they advise and to use your own credit card for the purchases, making you think you have the funds in your bank account.
Within 21 days, the monies from the fraudulent check will be withdrawn out from your bank account because of the fraudulent checks. Meanwhile, you are stuck with the authorized credit card charges on your bill while you no longer having the money in your account.
Be smart. Do not fall prey to this scam. If the criminal imposter has contacted you, please email us the criminals’ details, any contact information, and all documentation so we can forward to the Secret Service and police departments. This also includes FedEx tracking numbers, return addresses, check copies, etc. We will forward to the police as well as Secret Service.
What to do? These are our recommendations, but it is up to you to decide and advise with your accountant or lawyer.
a) Capture as much information as possible and submit to us as we are already working with the proper agencies. If you received any business checks, do not cash them as they will bounce and your account will be hit with bank fees. If you made any purchases for the imposters, cancel them and have the sellers as soon as possible recall the shipments and returned to sender for a refund. Explain it was part of a fraud scheme. If these orders get delivered, you may be able to fight those charges saying you didn’t authorize those charges. Also, contact the recipients and let them know they are receiving stolen merchandise, to refuse delivery, and request a refund from where they purchased from.
b) If you supplied a social security number, you will need to contact the major credit reporting agencies to block fraudsters from using your social security number from opening false accounts under your name and address.
c) If you supplied any bank account information, contact your bank immediately, and close the bank account. The imposters can and will use your checking account number to create new checks to FedEx overnight to new victims.