Warning to Sellers and Buyers !!
   

KartSport New Zealand has received reports, via some of the advertisers on its Classifieds page, of an Internet purchasing scheme where buyers offer to purchase equipment, often for more than the advertised price or to include shipping and after sending a cheque to the seller the buyer requests the balance to be returned.

After some research we have confirmed that similar schemes have been operating around the world and warnings have been posted on several websites.

 
   

These reports of offers to purchase kart equipment have come from West Africa, South Africa, England and Nigeria in particular. The usual form is that the 'buyer' (who often has an unusual or European email address), poses as a dealer or broker and may request further information or pictures of the kart being sold. Very soon after an offer is made in which it's usually stated that payment will be made for an amount in excess of the price to include cost of shipping however any excess will also be requested to be returned at a later date. As you are an honest and trustworthy person the buyer will temporarily entrust you with the extra money, but asks you to return the difference to them.

Once you receive the cheque (possibly a cashiers cheque which looks perfectly valid) you cash it at the bank, and once the funds show in your account, which is usually immediate rather than after the cheque has cleared, you send the agreed balance back to the buyer. Alternatively the "dealer" will advise that either their buyer has changed their mind or have found that shipping is not possible so ask that the funds be returned. They will almost always request that you pay the money back to them using wire transfer or Western Union Money Transfer - both processes are virtually instant and irreversible.  However, several weeks later your bank will contact you to advise that the cheque was counterfeit or stolen and you are required to repay the amount to the bank. The buyer has disappeared (or is now operating under another name from a different email address) and you're out of pocket for a lot of money.

Similar schemes also exist when you are wanting to buy items with offers to send the goods after you have wired the money, in some cases photos of the goods are sent to you to confirm what you want. However after paying the money the goods never arrive and the seller is untraceable.

If you're approached with an offer like these it's highly likely to be either money laundering or some other illegal proposal. We recommend that you don't get involved!

If it sounds too good to be true, it probably is!

   

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