Posted Thursday, August 26, 2010 in
An internet fraud investigation is looking into fake checks supposedly issued by Boston University.
The checks were sent to people selling items on Craigslist and eBay and were written out for much more than the purchase price. The checks came with instructions to wire transfer the excess money to a Western Union account.
This is a common scam that revolves around an official-looking check. The victim is asked to deposit the fraudulent check and then wire transfer the amount of the over-payment. After the victim wires the money, they find out that the deposited check was counterfeit. They lose all the money that was sent out. Luckily in this case, the sellers never wired any money - they notified Boston University and were told that the checks were fake.
Read the full article here.