----[Please read http://ercoupers.com/disclaimer.htm before following any advice in this forum.]----
Don't give international sale of your aircraft a
second thought! Follow a simple rule and you will NEVER BE SCAMMED! You
will NEVER lose a penny! However, you MUST follow this rule TO THE LETTER and
never, NEVER deviate from it. The greatest temptation to deviate will
come from an overseas buyer who offers you a shitload more money for your
airplane than you EVER thought you'd get. DO NOT BE TEMPTED!
A bank check drawn on the Bank of
Why? Because each of these instruments can be forged.
Even CASH IS NOT MONEY, because it can be counterfeited.
If somebody from
And a foreign credit card is CERTAINLY not money
because the funds can be revoked under some weird set of fiscal rules that you
have no control over.
What IS money? MONEY IS WHAT YOUR OWN BANK
SAYS IS MONEY, no more, no less, and nothing else!
Here is THE RULE. Follow it and you'll never lose
money. Break or even 'bend' it ONE TIME and you'll lose your ass:
Rule #!: MONEY IS NOT MONEY UNLESS IT'S
ELECTRONICALLY TRANSFERRED!
When funds are transferred into your bank
electronically from another bank, two things are certain:
first, your bank has established an electronic connection
with another financial institution whom
they consider viable.
second, the funds once transferred are instant and irrevocable.
Now, a couple of additional little ways to protect
yourself even more:
First, tell your bank you have overseas funds arriving
and the approximate amount. Have them set up an empty account in your name with
valid routing numbers into which this money will be deposited. These
numbers will be furnished to your buyer and this is to protect you against
someone trying through hacking to gut the account. As soon as the money
arrives, immediately transfer it within your
bank into one of your existing accounts. By no means should you leave that
money in the arrival account more than a few nanoseconds.
Your overseas buyer hates the idea of paying the
balance transfer fees on his end? OK, then pay them yourself! Fifty
bucks? Not even money.
Your overseas buyer can’t access a financial
institution to make the transfer? Bullshit. That simply means he doesn’t
have the money in the first place. But let’s suppose he cons his
local bank into transferring funds without adequate backup [i.e., he gives his
bank a forged cashier’s check on another bank and they accept it]. The
bank wires the funds to your bank, and when the theft is discovered, it goes
only as far as HIS bank, not yours. Because your bank got money from HIS bank
instead of from him.
Now I wouldn’t bother your pretty heads about
all this non-Ercoupe stuff except that it came to me as an email about scams on
aircraft sales. You need not be scammed. Just follow Rule #1 and you’ll
be fine.
And for those of you who may be tempted by the old “Here’s
$55,000 send me the difference” ploy…agree to it! Tell your buyer, “Sure,
send me your $55,000 instrument, I’ll convert it to funds, and then send
you the difference.” “What, you don’t trust me?” “Well,
then, why should I trust you?”
Dr. R. Beeman, 415C N2869H
-----Original Message-----
From: dneddinger [mailto:[EMAIL PROTECTED]
Sent: Thursday, March 09, 2006 11:00 AM
To: Ercoupers Flyin;
Subject: Re: [COUPERS-FLYIN] AOPA says scammers are targeting aircraft sellers
----[Please read http://ercoupers.com/disclaimer.htm
before following any advice in this forum.]----
Ben going on tor years.
DICK NANCY & SOPHIE
-------Original Message-------
From:
Date: 03/09/06 06:29:14
To: Ercoupers Flyin
Subject: [COUPERS-FLYIN] AOPA says scammers are
targeting aircraft sellers
----[Please read http://ercoupers.com/disclaimer.htm
before following any
advice in this forum.]----
AOPA says Scammers are targeting aircraft sellers:
http://www.aopa.org/whatsnew/newsitems/2006/060306scam.html
Aircraft owners beware: Scammers on the prowl
Scammers looking to make a quick buck are targeting
aircraft owners.
Over the past six months, scammers from
for sale.
Here's the scenario: You are selling your old Cessna
172 for $50,000. A
potential "buyer" contacts you through a Web
board or e-mail
solicitation and offers to buy your aircraft. This
person offers to pay
you $55,000, if you agree to send them a $5,000 check
for the
difference.
You receive what looks like a legitimate check, so you
send them the
$5,000. But when you try to cash the check, you are
told there are no
funds in the account. You're out $5,000.
"The best way to protect yourself when selling an
aircraft is to do
some investigative work. Check out the party offering
to buy the
aircraft," said Woody Cahall, AOPA vice president
of aviation services.
"When you receive a check, make sure it is
legitimate — get your money
before sending a check for the difference."
If you have any questions about selling your aircraft,
contact the AOPA
time at 800/USA-AOPA or via e-mail.
March 6, 2006
===================================
"Start by doing what's necessary; then do what's
possible; and suddenly
you are doing the impossible." - Francis of
"It is much better to live in a world that you
have participated in
defining, than in one that has been defined for
you." -
"Never doubt that a small group of thoughtful,
committed citizens can
change the world. Indeed, it's the only thing that
ever has." -
Margaret Mead
"As life is action and passion, it is required of
a man that he should
share the passion and action of his time, at peril of
being judged not
to have lived." - Oliver Wendell Holmes
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