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Re: Re: Re: Re: off subject - continuing fraud on
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Posted by Jeff on April 24, 2004 at 07:57:50 from (24.247.143.159):
In Reply to: Re: Re: Re: off subject - continuing fraud on sale posted by Steve on April 24, 2004 at 07:47:16:
Steve, I thought cashiers checks were made out after the money was withdrawn (by the bank and put into escrow or equivalent) from the requestor's account; that way the check was guaranteed. I also thought the bank verified their authenticity before making the transaction. That's the part of scam I didn't understand - I thought the bank secured the funds before a transaction was complete. Sorry for my ignorance.
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