Comments on: Internet Scams https://themusingsofthebigredcar.com/internet-scams/?utm_source=rss&utm_medium=rss&utm_campaign=internet-scams 53 years and 204,000 miles of business, CEO, leadership, startup, political, military wisdom Thu, 21 Mar 2013 15:43:18 +0000 hourly 1 https://wordpress.org/?v=5.9.11 By: Are you being scammed? https://themusingsofthebigredcar.com/internet-scams/#comment-229 Thu, 21 Mar 2013 15:43:18 +0000 http://themusingsofthebigredcar.com/?p=1476#comment-229 […] Big Red Car had a great post on Internet scams the other day and it drove me to post a comment. I thought I would share it with you: Back in the day I owned a […]

]]> By: JLM https://themusingsofthebigredcar.com/internet-scams/#comment-510 Thu, 21 Mar 2013 15:38:00 +0000 http://themusingsofthebigredcar.com/?p=1476#comment-510 In reply to mikenolan99.

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It is amazing that this kind of crap still continues.

BRC
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]]> By: Are you being scamed? https://themusingsofthebigredcar.com/internet-scams/#comment-228 Thu, 21 Mar 2013 15:37:20 +0000 http://themusingsofthebigredcar.com/?p=1476#comment-228 […] Big Red Car had a great post on Internet scams the other day and it drove me to post a comment. I thought I would share it with you: Back in the day I owned a […]

]]> By: JLM https://themusingsofthebigredcar.com/internet-scams/#comment-509 Thu, 21 Mar 2013 15:37:00 +0000 http://themusingsofthebigredcar.com/?p=1476#comment-509 In reply to Drew Hardin.

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In ATX I have had great luck with Craigslist but I only deal in cash and only in person and only locally. I can certainly see the potential for bad dealings.

Ebay has a great system and if you know how to work, it is pretty safe.

BRC
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]]> By: mikenolan99 https://themusingsofthebigredcar.com/internet-scams/#comment-508 Thu, 21 Mar 2013 15:31:00 +0000 http://themusingsofthebigredcar.com/?p=1476#comment-508 Back in the day I owned a company called Minnesotacars.com – a we had a TON of “Nigerian Scams” – your first example. A bank president alerted me when his mom fell victim.

Interestingly, we worked with the United States Secret Service to help protect our customers.

Again – this was the late 90s and early 2000s – when we were all so young and innocent.

We had a few hundred people posting cars for sale on our site every month, as well as around 200 dealers. The private parties would receive the legitimate request, and receive a cashiers check, drawn on a US bank, for more than the amount. The private party would take the check to their bank, and it would clear. The buyer would then tell the seller to send the excess to their “transportation” agent. No would ever show up for the car.

About a month later it would be discovered that the check was counterfeit – though drawn off of a legitimate account. The liability then would rest with private party.

We ended up writing some sophisticated algorithms to spot the information requests before they went to the buyer… we also created a blog to publish the offenders email addresses and IP information. I think at the peak we would trap hundreds of scams a month.

We also cooperated with Car Soup and other early pioneers – though after I sold the company no one seemed to care anymore.

]]> By: Drew Hardin https://themusingsofthebigredcar.com/internet-scams/#comment-501 Wed, 20 Mar 2013 18:42:00 +0000 http://themusingsofthebigredcar.com/?p=1476#comment-501 Ebay is pretty good about catching scams. My wife was duped by one a few years ago buying a Christmas gift for her brother, and in the subsequent conversation, something seemed way too good to be true. Before we could contact Ebay, they reached out to us and told us not to submit any type of payment to that individual. Craigslist on the other hand, is a scammer’s wet dream. I only deal in cash, even when the amount is a couple thousand dollars, and I maintain a separate email account solely to do craigslist transactions.

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