Is it illegal to cash checks for a company in your personal bank account for commission?

Archived in the category: Personal Checks
Posted by admin on 25 Jun 09 -

personal checks
I have received a job offer from a company that sells products overseas that entails depositing personal checks and/or money orders into my bank account, subtracting a percentage as my commission, and wiring the rest back to them. As attractive an offer as it is (money-wise) I’m concerned that it constitutes some form of scam. Is this legal?
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5 comments for “Is it illegal to cash checks for a company in your personal bank account for commission?”

1
? mommyof2 ?

its probrably a scam i heard about this sort of thing on tv and usually the checks are fake

June 26th, 2009 at 11:27 pm
2
Rick P

Sounds like Money Laundering….Might call the Bank and ask them…just don’t tell them who you are..

June 29th, 2009 at 2:16 pm
3
Stephanie V

This is a scam - this is similiar to the email scams going around stating if you hold their money won in a lottery or from family being transferred from Africa via wire to your account they will give you a percentage. It is a way for them to gain access to your account and get money from you. BE AWARE!

June 29th, 2009 at 6:19 pm
4
imtmoney

Its a scam…they use fake checks and if you try to deposit them into your bank uh it wont go well

June 30th, 2009 at 1:47 pm
5
Back Porch Willy

This is a very common fraud/scam run from overseas.

What will happen:

After you have sent them the money, the deposit will be reversed via a variety of procedures and you will then have a negative balance that you are legally responsible for. You could end up being arrested on a Federal Banking Fraud charge.

June 30th, 2009 at 8:57 pm

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