brandon8387
Member
He gets a lawyer he ain’t gettin 50k back. Lawyer fees gonna eat half of it
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brandon8387
Member
1: wasnt really a too good to be true good deal. He wanted 50k and haggled down to 48k. That’s a reasonable private sale price.
2: Carfax check would help yes but if he has a legit looking title and IDs match it looks legit. But people aren’t doing all that for a relatively new car.
3: people aren’t doing PayPal or checks because they can be held or payments stopped or otherwise held up. Cashiers check, money order or digital payment like zelle, cash app, is perfectly normal. I’m not taking a personal check or PayPal something that be modified later to benefit the buyer that screams scam. All that stuff takes time to clear.
4: the car wasnt reported stolen tho. Maybe they can verify the registration tho.
5: lol. No1 is doing that. especially with paperwork in order. Him bending on price and not talking himself out a deal. But hindsight is 20/20
Because cashier checks can and often are counterfeited. It’s likely protocol at banks (even a different bank than the issuing bank) to pick up the phone, call the issuing bank (doesn’t have to be the branch that it was printed from) and confirm that the check is authentic. Possibly under a certain limit the bank just takes the risk but I would think for $10k and more they would double check. This could have allowed for a stop point where the fraud could have been stopped, again likely only if law enforcement was involved (there was a police report).Why not? It’s a legit check? It was t flagged. They don’t know the background behind it. Far as they know he just cashing a check for a car he sold.
In this case because of the value of the check there are likely limited places this could be cashed... likely a bank/credit union, possibly a check cashing service or other money service, but probably just those places (IE not grocery store or something that offers check cashing). Banks/credit unions/money service places have a job to do to try and prevent fraud and especially money laundering. While most of that simply is they must have your ID details to keep records on your and report any behavior that looks suspicious (and in this case a fake ID wouldn't really stop that) another part is the bank making sure they are not inadvertently facilitating illegal activities. Some banks will take that seriously and will call and verify checks even if the dollar amount if small (maybe $500 or more or $1000 or more) or if you request cash rather than depositing it and waiting a period of days for the funds to become available. Wanting the cash right away, especially a large amount and from an out of state check is a red flag, unless the customer is a very well known customer (does a large volume of business with the bank and holds a fairly large account balance). Like I said, a 45 second phone call could have stopped this. If I were law enforcement I would at least find out what business cashed this, what person did, and put some pressure on them with questions about who the person was and why they broke protocol (assuming they are supposed to call first, which any legit place would, there are a million scams with fake cashiers checks.)
He could have been killed carrying that much cash. Young kid was killed a few backs when he went to buy a car. He was carrying cash and it was a smaller amount than the OP.
rexki
Member
CHAD SPENCER ROBINSON LLC :: Nevada (US) :: OpenCorporates
Free and open company data on Nevada (US) company CHAD SPENCER ROBINSON LLC (company number E0125642018-0)
no picture of the garage on the Zillow listing ??
This might actually be his real house - County Records
Significant other might be Christina Stanfill
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SageBrush
REJECT Fascism
That is not right.
Check out
Section 8.1: Customer Due Diligence (CDD) is related to money laundering or terrorist activities.
Though out that pdf there are 48 references to the Bank's due diligence requirements
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rexki
Member
Is the real picture of the guy?
and is Chad Spencer Robinson the real guys name? - you said fake ID.
brandon8387
Member
The check was authentic tho. The bank didn’t flag/stop payment/void it. They couldve checked and got the green light. Hence why he was able to cash it
Right, and that’s a HUGE issue on the issuing bank. It should have been flagged. It sounds like they were contacted long before it was cashed and provided a police report and possibly the copies of the false IDs. That should have been enough “proof” for them to halt the funds with that check at least until the police report was closed.The check was authentic tho. The bank didn’t flag/stop payment/void it. They couldve checked and got the green light. Hence why he was able to cash it
The photo I uploaded is him...but not Chad Spencer Robinson...who was a baseball player...and 6'5"...that's the biggest red flag...as the thief was maybe 6'.
RedWhite19
Member
Yeah, that crook definitely does not look like a Chad. That’s for sure.
Oh, I’d also look into the place where he rented that Tesla. Because his description does not match, at all. Maybe they were in on it… Or the worker just looked at the picture and said you’re good.
That is what my family thinks...they think the rental company could be in on it. Rent a car out, then split the cash....which would really be a dick move because I helped the rental company out by working with them to get their tesla back.
Bit of a stretch to apply AML laws to what would be a fairly routine "I sold a car" activity. It may generate a reporting requirement, but a fraudster with a convincing fake ID would not afaik cause the bank to become liable / complicit / whatever for cashing the check.
If you've got specific domain expertise / knowledge here, would be good to assert, but I don't see how any of the AML/ know your customer laws would stop someone with fake ID from cashing a cashiers check. It's been a billion years since I've worked in / around finserv so if you've got more info, please share, but AML is no smoking gun.
You're still not extracting the point I'm trying to make.
The claim here is the bank is responsible or liable for the fraudsters ability to cash the check. I am asserting this is inaccurate, and that just like a pile of cash you give to a baddie, what happens to a valid, non-counterfeit check, after they issue it to you is not their problem.
Maybe this will stop the insanity here:
www.bankersonline.com
Again, I don't post these things with glee or any enjoyment for the OP's predicament, it really sucks and I'm emphathetic. But ranting about hire a lawyer and the bank is at fault is completely misguided IMHO.
Work with LEO and hopefully this dirtbag gets caught. Good / painful lesson for others buying a used vehicle to not fall into a similar trap.
Cashiers Check-Stop Payments
What are your procedures for processing a stop payment request for a cashiers check purchased by your customer, made payable to another entity, the check is lost in the mail...who has the right to place a stop on the check? Now one step further, if the payee signed a registered letter, is ...
www.bankersonline.com
Again, I don't post these things with glee or any enjoyment for the OP's predicament, it really sucks and I'm emphathetic. But ranting about hire a lawyer and the bank is at fault is completely misguided IMHO.
Work with LEO and hopefully this dirtbag gets caught. Good / painful lesson for others buying a used vehicle to not fall into a similar trap.
"On Saturday the 13th of November,"
Uh 10 days?
The Carfax thing is a bit puzzling, it should have shown up as a fleet vehicle IIRC.
It's easy for us in the cold light of day, removed from the scenario, to second guess OP's decision making and judgement. But getting caught up in the moment, eager to get a car now, for a reasonable price, it's not hard difficult to see how it would be be easy to overlook small niggling concerns and get swindled.
