A good friend of mine called me recently to ask what I knew about scams from online sales. He had placed an ad on CraigsList for something he was trying to sell and had asked for $150 for the item. He had received a call from a woman and she offered to send him a check for the item.
Shortly thereafter, he received a $2,400 check from a major chemical company and was confused about why the check was so much more than the amount he listed and why it was coming from a chemical company.
If you ever run into this, rip up the check. This is advanced fee fraud, or a shipping scam. I explained to him that he would undoubtedly be receiving an email requesting that the difference be paid to shipper via a wire transfer.
But why send a check for $2,400, and why from a…