From: "mrcheerful                                                                          ." 
Newsgroups: uk.legal uk.finance
Subject: Re: Cheque "Clearance" was: Does this sound like a scam?
Date: Tue, 22 Nov 2005 08:34:45 GMT


"Mr X"  wrote in message 
news:Ukx5MEADPegDFw3H@privacy.net...
> In article , IanAl
>  writes
>
>>On Mon, 21 Nov 2005 13:56:03 +0000, Cynic 
>>wrote:
>>
>>>It is a well-known scam.  (Who in their right mind would pay £3335 in
>>>shipping on an unseen £150 car that has the steering-wheel on the
>>>wrong side?)
>>>
>>>What will happen is that the cheque will clear *your* bank and you
>>>will think that the funds are yours.  But they are not, because the
>>>cheque can be refused by the issuing bank *after* the funds have
>>>cleared your bank, and you have sent £3335 to the scammer.  You bank
>>>will then deduct the full £3485 from your account after the cheque
>>>finally bounces.
>>>
>>>The police may be interested.
>>
>>So how/when can you be sure that any cheque has safely been paid?
>
> After 6 years from the time the money is credited at the very longest.
> But IANAL
>
> However, I suppose that would not stop your bank applying an "offset" if
> they hold other funds belonging to you.
>
> uk.finance added
> -- 
> Mr X

why not use one of those 'we cash all cheques ' places ?

mrcheerful