This message is about an event that recently happened to me. I just finished up with the bank & insurance investagators and the police etc....
I figured I'd share this to hopefully prevent this from happening to other people.
I placed an add with cycle trader to sell my 2004 GSXR 1000 for 9000 or best offer.
I had someone contact me, from out of state "saposidly" for serveral days. They were an interested buyer etc etc.... I got there name & phone number etc...
These guys asked me how I wanted the money, cash, bank check, money orders etc....
I decided on the day the deal went through I wanted him to get a cashiers check from the bank.
So he came on november 9th, looked at my bike, we agreed on the amount talked over the phone and he had the check.
Me assuming all was well, I shake the guys hand, and help him and his buddy load my bike into there minivan.
Little did I know I was shaking hands with the the guy who was stealing my bike right in front of my face.
The following day I deposited the check at my local bank. 2 days later I check online and the money is there. Ok everything s fine I'm thinking, check cleared deal is done.
Then yesterday I go to use my check card for a purchase, and it gets declined. Now theres XXXXX dollars in there, and I'm pissed off. Who likes to get a card declined you look like an idiot.
I call the bank, wanting to know why in the hell my card is getting declined. I get transferred 3 times, eventually to find out my account in frozen and under investagation.
Why you might ask..... duh me being an idiot.... the check was counterfiet.
It cleared but then somehow was found to be fake after it went back to the issuing bank routing number or something??? who knows....
I know people will say I should have done this or that..... I used bank checks for settlements like 3 times in the past year, I looked this one over very good, it had all the markings, front & back, security features etc.....
I have the whole case together I guess now, it's a mess to deal with all at once, 3 different case numbers, the bank the cops & the ins company.
I was first told that this was a bad check, and that by law the issuer of the check has 10 days to make good on it. But then the cops thought, fake name, bad number etc.... (throw away phone) no other factual information.... theres no way in hell to catch this guy.
It turns out what happened to me is theft by disception. And yes lucky for me that is covered under my ins. policy. I am thanking my lucky stars right now I had full coverage and all the additional coverage add ons. It was like 1700 bucks for the year, which now I'm glad I spent every dollar of that.
Hopefully all will be well, and after the 30 day wait period I should be issued a check for the value of the bike. The www.nada.com values a 2003 1000 just around 8000 for average it says. So hopefully I'll get more for mine since it was a 2004 with 1600 miles, flawless.
Anyway, be very carefull of who you do bussiness with. I was told by the ins investagator he does like 26+ a month in the area, and that this year has had the highest number of claims for thier company. And thats theres a theft ring moving up and down the east coast etc.... something along those lines.
You could be defrauded even by someone who shows you thier id, uses cash, bank checks, anything as all of anything can be fake.
The only real way to be 100% sure would be to deal with the banks. Have your bank call his bank to verify the money is there, then transferr the money via check\bank check whatever, and wait for it to clear. Then once for sure the money is real and everything is good then hand over the bike \ car & title etc....
And even for the people that laugh at me and say I should have took cash, the ins guy said that theres also the same senarioes as me happening with fake 100 dollar bills.
These counterfiter guys are really making high quality stuff, almost to hard to tell the difference to the untrained eye.
Which happens to be myself and I'm sure alot of other people out here.
Be safe everyone
I figured I'd share this to hopefully prevent this from happening to other people.
I placed an add with cycle trader to sell my 2004 GSXR 1000 for 9000 or best offer.
I had someone contact me, from out of state "saposidly" for serveral days. They were an interested buyer etc etc.... I got there name & phone number etc...
These guys asked me how I wanted the money, cash, bank check, money orders etc....
I decided on the day the deal went through I wanted him to get a cashiers check from the bank.
So he came on november 9th, looked at my bike, we agreed on the amount talked over the phone and he had the check.
Me assuming all was well, I shake the guys hand, and help him and his buddy load my bike into there minivan.
Little did I know I was shaking hands with the the guy who was stealing my bike right in front of my face.
The following day I deposited the check at my local bank. 2 days later I check online and the money is there. Ok everything s fine I'm thinking, check cleared deal is done.
Then yesterday I go to use my check card for a purchase, and it gets declined. Now theres XXXXX dollars in there, and I'm pissed off. Who likes to get a card declined you look like an idiot.
I call the bank, wanting to know why in the hell my card is getting declined. I get transferred 3 times, eventually to find out my account in frozen and under investagation.
Why you might ask..... duh me being an idiot.... the check was counterfiet.
It cleared but then somehow was found to be fake after it went back to the issuing bank routing number or something??? who knows....
I know people will say I should have done this or that..... I used bank checks for settlements like 3 times in the past year, I looked this one over very good, it had all the markings, front & back, security features etc.....
I have the whole case together I guess now, it's a mess to deal with all at once, 3 different case numbers, the bank the cops & the ins company.
I was first told that this was a bad check, and that by law the issuer of the check has 10 days to make good on it. But then the cops thought, fake name, bad number etc.... (throw away phone) no other factual information.... theres no way in hell to catch this guy.
It turns out what happened to me is theft by disception. And yes lucky for me that is covered under my ins. policy. I am thanking my lucky stars right now I had full coverage and all the additional coverage add ons. It was like 1700 bucks for the year, which now I'm glad I spent every dollar of that.
Hopefully all will be well, and after the 30 day wait period I should be issued a check for the value of the bike. The www.nada.com values a 2003 1000 just around 8000 for average it says. So hopefully I'll get more for mine since it was a 2004 with 1600 miles, flawless.
Anyway, be very carefull of who you do bussiness with. I was told by the ins investagator he does like 26+ a month in the area, and that this year has had the highest number of claims for thier company. And thats theres a theft ring moving up and down the east coast etc.... something along those lines.
You could be defrauded even by someone who shows you thier id, uses cash, bank checks, anything as all of anything can be fake.
The only real way to be 100% sure would be to deal with the banks. Have your bank call his bank to verify the money is there, then transferr the money via check\bank check whatever, and wait for it to clear. Then once for sure the money is real and everything is good then hand over the bike \ car & title etc....
And even for the people that laugh at me and say I should have took cash, the ins guy said that theres also the same senarioes as me happening with fake 100 dollar bills.
These counterfiter guys are really making high quality stuff, almost to hard to tell the difference to the untrained eye.
Which happens to be myself and I'm sure alot of other people out here.
Be safe everyone
