Is it illegal to cash checks for a company in your personal bank account for commission?
I have received a job offer from a company that sells products overseas that entails depositing personal checks and/or money orders into my bank account, subtracting a percentage as my commission, and wiring the rest back to them. As attractive an offer as it is (money-wise) I'm concerned that it constitutes some form of scam. Is this legal?
Asked By: KicktBak - 6/21/2007
Best Answer - Chosen by Asker
This is a very common fraud/scam run from overseas. What will happen: After you have sent them the money, the deposit will be reversed via a variety of procedures and you will then have a negative balance that you are legally responsible for. You could end up being arrested on a Federal Banking Fraud charge.
Answered By: Back Porch Willy - 6/21/2007
Additional Answers (4)
its probrably a scam i heard about this sort of thing on tv and usually the checks are fake
Answered By: ♥ mommyof2 ♥ - 6/21/2007
Sounds like Money Laundering....Might call the Bank and ask them...just don't tell them who you are..
Answered By: Rick P - 6/21/2007
This is a scam - this is similiar to the email scams going around stating if you hold their money won in a lottery or from family being transferred from Africa via wire to your account they will give you a percentage. It is a way for them to gain access to your account and get money from you. BE AWARE!
Answered By: Stephanie V - 6/21/2007
Its a scam...they use fake checks and if you try to deposit them into your bank uh it wont go well
Answered By: imtmoney - 6/21/2007
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