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Posted By: Dylan

This scam actually isnt so much about laundering money but just taking your money. The idea is to send a check or MO(which is a well done fake, even heard of POSTAL money orders that looked perfect to the non-expert) which is well in excess of the amount of the item. Say you sold a $100 dollar item and they send you $2,000. Then a reason is given, bank issues, customs, etc. that they need someone from the states to deposit the money and then send the remainder, minus 5% or something for you to keep for you work. It will take a several days for the money order to be routed to the correct bank where it will be discovered as a fake. By that you already sent the $1,900 (minus your little cut) and you are now responsible to make up that money to the bank. You dont even need to sell anything to do this scam. An email can be sent out saying, need a job, all you do is cash checks... For a while it will run honestly you cash the check (here is a situation where you actually are laundering money and then get ripped off later)send them the money and you get a cut. But they get your account info through this and a couple months later, or longer if they need you to launder money for a while, they drain you of every dollar you have. So its a laundering, bank fraud operation. Different from the ebay scam in some ways but very simaler too. According to CIA Its mostly run out of Africa (Nigeria) and ex-soviet nations with Ex-KGB agents pulling the strings. Its a multi-multi millon dollar scheme, be careful, and never send cash from a MO, check to someone you dont know for any reason whatsoever!