So how does this scam work?

[hooblah]

Received this email and was intrigued. Sounds like money laundering to me. How does this scam work? If it's actually real, what's to stop you from keeping all the money?


Hello,

Do you have up to three hours spare time per-week? if YES, you can get paid.

Would you like to work part time or full time online from home and get paid
weekly? If yes, take your time and read the below job proposal

ESP Technologies Group Ltd is a diversified technology and manufacturing
company, dealing with aerospace products and services; control Technologies for
buildings, homes and industry; automotive product based in, England, United
Kingdom

We currently have an opening for part or full time employees for our
ever-growing Accounts Receivable Department in United States and Canada. If this
sounds like you, please read on, And consider becoming part of our company
family.

The position of Accounts Receivable officer entails the following duties:

1. Checks will be issued to your name and mailed to you from our clients in USA
2. Process Checks at your local financial institution
3. Forward 90 percent of funds received to one of our branches and keep the
remaining 10 percent as your wage

Our payment mode will be on commission and salary basis, for every assignment in
form of check Received from clients, you're entitled to 10% of the total worth
of the check which excludes the cost of processing Western union to any of our
regional office Accountant and also $1000 salary will come at every month end

INTERESTED APPLICANTS (HOW TO APPLY)

Interested applicants should reply with
Full name:
Full address: (p.o.box not accepted)
City:
State, zip code:
Cell#

Kindly email the above requested information. Once received, one of our Human
Resource Manager will contact you through email stating the status of your
application

Please specify the best way to contact you in your reply.

Paul Godwin.
Director, Human Resources
ESP Technologies Group Ltd.

[lost in espace]

You only think you receive the money before you send your own hard earned off.

[996TT02]

lost in espace said:

You only think you receive the money before you send your own hard earned off.

This. Can take weeks for bad (fraudulent) cheques to be marked as such by your bank, despite initially augmenting your bank balance.

Let's go back to basics - no business anywhere on earth needs the sort of service that you would be offering to them.

[av185]

Liking the Company family bit.

Bless.

[.:ian:.]

Best case you'd end up £1000s out of pocket.
Worst case, £1000s out of pocket and up for money laundering!
Be interesting to see what happens if you just cash the cheques and never send the money on!

[Mojooo]

I suspect people will be ripped off to obtain those checks and you will be money laundering for them.

[RowntreesCabana]

This exact scam has been going on for quite a while by the look of things

https://www.scamwarners.com/forum/viewtopic.php?f=...

and

email No3 here:
https://ivetriedthat.com/weekly-scam-roundup-41220...

[pc.iow]

Even if it was legit, would 10% cover your tax or N.I. contributions?

It's so obviously a scam, the only people who'll fall for it are the thickies.

That's who they're after.

[E31Shrew]

ESP Technologies Group are printers in Kent so can't see the sales ledger being full of export orders. Slightly chequered past by the looks of it too

Not sure where 'manufacturing' of control systems comes in!

Bit more info on www.scamwarners.com

The source host name is "190-38-217-119.dyn.dsl.cantv.net" and the source IP address is 190.38.217.119.
Geo-Location Information
Country Venezuela

Edited by E31Shrew on Monday 15th October 19:52

[deckster]

See also, money laundering and mucho jail time.

[Countdown]

pc.iow said:

Even if it was legit, would 10% cover your tax or N.I. contributions?

You'd pay tax and NI on your earnings (the 10%) not the full 100%

pc.iow said:

It's so obviously a scam, the only people who'll fall for it are the thickies.

What's to stop you banking the cheques and then do nothing? Are they going to sue you?

[deckster]

Countdown said:

What's to stop you banking the cheques and then do nothing? Are they going to sue you?

Unlikely. Either, they aren't real cheques and they'll just bounce anyway.

Or, perhaps, they are real cheques and the people that are asking you to illegally launder their money a) know where you live, and b) aren't the kind of people who sue.

[Moonhawk]

hooblah said:

How does this scam work? If it's actually real, what's to stop you from keeping all the money?

Because the money you supposedly receive isn't real.

The send you a cheque for "£1000". You cash this cheque he bank credit you with £1000 on the assumption the cheque is valid. Thinking you now have £1000, you forward on £900 they requested, keeping £100 for yourself.

A few weeks later the cheque bounces and the bank take the original £1000 back off you, meaning you are now £900 down. Rinse and repeat.

Banks can actually recourse a cheque up to 7 years after it was originally cashed.

https://supportcentre.natwest.com/Searchable/10156...

[Hoofy]

What Moonhawk said.

It's a variation of the scam where someone pays for your car that you're selling and gives you too much money by cheque, asking you to wire the difference.