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BEWARE - Bogus Postal Money Orders >>>UPDATE: BUSTED!<<<

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  • hookooekoohookooekoo Posts: 381 ✭✭✭
    Thats it - from now on I'm only accepting cash

    Cash can be bogus as well.
  • Excellent advice. I never would have known.
    Zach
  • K6AZK6AZ Posts: 9,295
    Here's another cashier's check and money order hot list:

    Counterfeit Cashier's Checks and Money Orders
  • Very useful post here K6AZ! I thought these were as good as gold.
    morgannut2
  • ebaytraderebaytrader Posts: 3,312 ✭✭✭
    Just to when you feel secure in your thought process that you'll only accept confirmed & verified PayPal eBay buyers in the future, I can can tell you first hand that you can get ripped off by them, too!
  • I mean this in a positive way............

    You have the darndest things happen to you.
  • au58au58 Posts: 1,288 ✭✭✭
    Another important lesson to take from this - DO NOT deposit money orders into a bank account assuming they are good. Take them to the post office and CASH them.
  • K6AZK6AZ Posts: 9,295
    I just got off the phone with a postal inspector. Sure enough, they staked out the PMB and caught this idiot. Big surprise, he was an employee at one of the PO's distribution centers. They have accounted for the entire block of 400 MOs, apparently he sent out about 300 of them before he was caught, and they recovered the remaining blanks.
  • GoYankeesGoYankees Posts: 1,025


    << <i>I just got off the phone with a postal inspector. Sure enough, they staked out the PMB and caught this idiot. Big surprise, he was an employee at one of the PO's distribution centers. They have accounted for the entire block of 400 MOs, apparently he sent out about 300 of them before he was caught, and they recovered the remaining blanks. >>



    That's great news, Eric.

    That said, I can't help but feel enraged. Postal workers operate under a sacred trust. I hope they make an example out of this guy. image
  • K6AZK6AZ Posts: 9,295
    I agree. While I feel fortunate that I caught this before sending the merchandise, the inspector told me I was one of the few who caught the bogus MO before shipping. A lot of sellers got ripped off, and from the sounds of it they won't be getting much back. Most of what this guy "bought" was bullion and expensive watches that were easily turned into cash.
  • mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    nice outcome.
    coinimaging.com/my photography articles Check out the new macro lens testing section
  • ms70ms70 Posts: 13,958 ✭✭✭✭✭

    It's about time we heard of one of these scumbags being caught. It still steams me that we pay extra to insure our packages from the very
    people we pay to ship them. Someone should step in and tell the USPS that ALL packages will be insured at NO cost to the customers since
    THEY are the thieves.
  • K6AZK6AZ Posts: 9,295
    There was another distrubtion employee busted a few months ago stealing one of Wayne Herndon's packages. They do get caught eventually.
  • Sad, but there are thieves every where, not just the USPS.
  • CardsFanCardsFan Posts: 1,093 ✭✭✭
    I went a deposited a money order at my local back yesterday and they now call to verify all money orders (they just started this), so I guess this type of fraud is on the rise.
  • flaminioflaminio Posts: 5,664 ✭✭✭


    << <i>I just got off the phone with a postal inspector. Sure enough, they staked out the PMB and caught this idiot. Big surprise, he was an employee at one of the PO's distribution centers. >>

    If I may use a fark.com tag here:

    image

    Did he really think he was going to get away with this? Good show, Eric!


  • << <i> Postal workers operate under a sacred trust. I hope they make an example out of this guy. image >>



    I would hope background checks, etc. would make your average postal employee more honest than the average person, but, sadly, there are still crooks and scumbags that slip through.

    What concerns me even more are the stories of grading submissions stolen in the past by employees at the Newport Beach and Sarasota Post Offices. I'm sure it is obvious to these employees that millions worth of rare coins pass through every day. Given that, I would think the Postmasters of these locations would secure them like a Federal Reserve Branch!
  • VTCoinsVTCoins Posts: 1,361 ✭✭✭
    Eric,

    Thank you for the Postal Money Order info.

    I have been selling coins full-time for about six years, and have not been hit with a stolen Postal Money Order. Now I never will!

    Sometime I'll post a few of my scary stories for everyone to hopefully learn from.

    Tim Puro
    Puro's Coins and Jewelry
    Rutland, VT

    (802)773-3883

    Link to my website www.vtcoins.com

    Link to my eBay auctions

    Buy, sell and trade all coins, US paper money, jewelry, diamonds and anything made of gold, silver or platinum.

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