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Check scam used to buy $135K worth of gold

logger7logger7 Posts: 7,955 ✭✭✭✭✭
edited November 6, 2023 7:30AM in Precious Metals

Date:10/11/23

Offense: Fraud/Bad Check

Investigating Phoenix PD

Incident location: Mesa, AZ

The suspect pictured below entered the Sun West Credit Union and used a fake driver's license to obtain a cashier's check for $135,000. The suspect then took the check and purchased 50 Rand refinery gold bars and 19 Krugerrands from a local dealer.

The check was deposited and cleared the same day but was voided 3 business days later. Phoenix police are currently investigating Case Number: 2023-1590670.

Investigators are seeking any additional information on this incident.

Anyone with information contact:
Doug Davis
817-723-7231
[email protected]

Comments

  • johnny9434johnny9434 Posts: 27,321 ✭✭✭✭✭
    edited November 18, 2023 1:11PM

    thats awful, hope he gets good stiff jail sentence

  • rte592rte592 Posts: 1,385 ✭✭✭✭✭

    So he impersonated someone else and took money from their bank account.

  • blitzdudeblitzdude Posts: 5,290 ✭✭✭✭✭

    @rte592 said:
    So he impersonated someone else and took money from their bank account.

    Sure sounds that way. He obviously he had some knowledge of the person he was impersonating. Enough to know their personal details and enough to know they had at least $135K parked in their checking account. Sounds like either an inside job at the bank or a family member of the victim. Hope all involved recover their funds / merchandise. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • tyler267tyler267 Posts: 1,232 ✭✭✭✭

    So who absorbs the loss. The bank or the dealer?

  • rte592rte592 Posts: 1,385 ✭✭✭✭✭
    edited November 9, 2023 5:21PM

    @tyler267 said:
    So who absorbs the loss. The bank or the dealer?

    In My Opinion
    The bank was defrauded, they should go after the thief.
    The dealer took the bank check in good faith...the bank check was good because it was from the bank.
    But who knows?? Probably the one with the best lawyers and deepest pockets wins.
    If the police recover the gold, arrest the thief, they could maybe back up the transaction.

  • ashelandasheland Posts: 22,564 ✭✭✭✭✭

    I hope he gets a good jail sentence! :rage:

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