3. Overpayment fraud
One more of the easiest frauds to commit and make money is cheating people by offering them more than they bargained. Opposite to the auction one, in this money grabbing trick, the fraudster represents the buyer who accidentally sent the wrong check to the seller. The check looks legitimate and is usually “issued’ by a reliable, well-known bank. The trickster contacts the victim explaining he/she accidentally paid extra and asks for the seller to wire back the excess funds. Only later does the victim realizes the check is fake, but what isn’t is the obligation to pay the bank back for the money withdrawn. This scam requires some skill, but once you master crafting fake checks, it can be pulled off as many times as you wish.
