Rayco Industrial Supply

[ner0]

This is the scam someone tried to throw at me, pathetic to say the least but hey, someone may fall for that, I just wish people Google it first and end up in a site like this one so they can be sure it's a scam before it happens. I wouldn't advise to allow any transfer even if you wish to keep the money and not to wire it back, it may still bite you in the ***. Here is how it goes (there may be some variations from in different countries):

Good day.
My name is Erika SILVERBERG I am from Rayco Industrial Supply.
We require representatives in Portugal for customer service/administrative job.
No special knowledge in computer/it required! No relocation from
Portugal required, you will operate from your current location. EU citizens are
also welcome to apply. Job schedule is mostly in the morning or in the afternoon, 2-3 hours a day.
Rayco Industrial Supply operates in USA and develops web-products
(databases, c++ applications, mysql) for customers from Portugal. Our
clients have to pay with bank payments due to the contracts. We do not
have representative office in Portugal. So, we cannot accept payments by bank transfer inside the country.
Job duties are: to receive invoice payments from our Italian customers, 3 times a week, process it and resend to our main office.
You are paid 5 percent commission from each payment + 4500 EURO base salary a month + all travel fees, bank charges and taxes.
You can use your own bank account for this job, or open new one. It doesn't matter for us and is for your convenience.
We don't ask any secure details and never ask any money to start job, we are serious company and the job is 100 percent legal.
You are paid commission instantly 3 times a week and based salary at the end of every month.
No relocation required, you can do the job in your area.
Please, confirm if you accept the job, I will send you further details and application form.
Send confirmation in format:
I, “name”, accept this job, “date”.
Thanks

Erika SILVERBERG

Rayco Industrial Supply
512 River Road
Modesto, CA 95351-4085,
United States
(209) 529-8984

[ner0]

Then it follows like this:

Good day.
We have just received your acceptance of the job.
Please, see application form in the attachment. Note, we do not ask
any secure details, only usual information required for bank
transfers and personal information required to contact you. Please,
fill forms and send them back to us by e-mail.
The job starts in 1-3 days as soon as you send back filled application forms.
Our manager will call you with full description of job duties and instructions.
Please, leave reachable phone numbers, we will call you every time transfers take place.
You can either fill the forms by hand, scan them and send back to
us by e-mail or fill it electronically and send back also by e-mail.
You will receive transfers to your account 3 times a week.
Every time you receive the transfer, you have to pick it up from bank
(ask your bank the maximum amount you can pick up daily), subtract
your 5 percent commission and resend the remaining amount to our head
office. We pay all fees connected with this job (bank fees, travel
fees, etc.). Usually it will take you not more than 1-3 hours to reach
the bank, pick up cash and resend it. The based salary (4500 EUR)
is paid at the end of every month in addition to commission earned.
Commission is paid every day.
Feel free to ask any questions.
We will start as soon as you send back filled form.
* In case you cannot open or read attached application, e-mail
us back, I will resend you files in .pdf format.
Thank you and have a nice day

Erika SILVERBERG

Rayco Industrial Supply
512 River Road
Modesto, CA 95351-4085,
United States
(209) 529-8984

[ner0]

The last one I got before literally telling the scammer to stop the laundry :

Hello.
The first transfer from my customer was done, it has to reach your account today (check your account hourly). After you receive it, please, pick up money from bank, subtract your 5 percent commission and resend remaining amount immediately.

Transfer details: 3943.59 EUR

You have to send cash by Western union. We pay all the fees, so subtract transfer fees from amount you send.
Here are receivers for western union transfers:

Name: MALUSH ANATOLIY
Country: Ukraine
City: Kiev
address: 52 Sulov str., 73726

PLEASE, WRITE THE RECEIVER'S NAME TO THE TRANSFERS FORM AS IT STATES IN THE TOP, NO MISTAKES, BECAUSE ONE MISTAKE WILL NOT ALLOW MY MANAGER TO PICK UP THE TRANSFER.
Please, e-mail me the info after you do the transfer:
1) Sender's name as it states at receipt
2) Total sum transferred
3) Control transfer number (10 digits number you get after the transfer).
4) City the transfer was done from
This is our first transaction with you, I hope we will work together for a long time. Will be waiting for your reply with transfers details. Please, confirm you received this message.
I ask you to write attentively the name of the receiver I gave you and not to do transfers with your credit card, I need you to go directly to Western union offices and send cash, because credit card transactions delay the transfer.
Please, send express, money in minutes transfer.
Thanks

[ner0]

Oh and I almost forgot, this pinhead used the e-mail address: raycoindustrialusa@gmail.com

[mysteryquest]

Originally Posted by ner0

Oh and I almost forgot, this pinhead used the e-mail address: raycoindustrialusa@gmail.com

Thanks for posting the scam. You didn't send him your bank account information did you?

[ner0]

No, I did not send my bank account or any other information related to me r anyone else. I just stalled with replies like I was interested, but that last reply he sent me was very curious because one would assume that it was meant for someone already in the scam loop. I guess it was sent to a batch list disregarding who had supplied account information.

I just posted it because it may help people who Google sentences from that particular scam. I found only one Google record on a 99% similar proposal from mid 2010 on a random forum. Unfortunately there are a lot of gullible people. It's not just the approach but the revenues for such an "easy job" scream scam to people with some common sense. I think that some people just go with the flow, sadly.

On the other hand, fortunately, there are people involved in initiatives like fraudwatchers.org. Thanks.

Ok, it’s listed as fraud. But, what kind of fraud? I'm mean, what can it happen? If it's not a job, what is it? What are the consequences of accepting this job?

[mysteryquest]

Originally Posted by Dividas

Ok, it’s listed as fraud. But, what kind of fraud? I'm mean, what can it happen? If it's not a job, what is it? What are the consequences of accepting this job?

It's a fake check fraud. Please read www.fakechecks.org and http://www.fraudwatchers.org/forums/...read.php?t=257 The scammer will send you fake checks to "cash" in your account. The bank will initially accept then and the victim then, thinking the check is good and has cleared, will wire the money to the scammer. The check is returned and the victim is out the money.

[ner0]

I'm not keen on these matters so I cannot give a straight answer but what most people would want to hear is: What can happen if I accept the payment in my account and never transfer it back to the scammer(s), you know, keep it to myself?

[mysteryquest]

Originally Posted by ner0

I'm not keen on these matters so I cannot give a straight answer but what most people would want to hear is: What can happen if I accept the payment in my account and never transfer it back to the scammer(s), you know, keep it to myself?

The check is fake. If you deposit, the bank may let you have access to the money initially, but they will discover its counterfeit, will charge the money back to your account along with a fee and then they will turn the fake check over to the FBI or Secret Service who will then wish to speak to you. You could be charged with a federal crime for attempting to negotiate a counterfeit financial instrument. Please read: www.fakechecks.org

[ner0]

Firstly the Secret Services have better things to do than to talk to the middle man, secondly the FBI goes like that Las Vegas saying, what happens in the US stays in the US and there are a lot of people targeted who are way out of the FBI jurisdiction, so let's say law enforcement instead, but I got your point... The money would be withdrawn since it wasn't legal or was a fraudulent transaction and I understand that, but the most intriguing thing you said is that you would be charged a fee by the bank operation which doesn't make any sense, someone oblivious to the scam (IBAN number mixup, etc.) could have to pay a fee for something they don't have knowledge? I would have assumed that it would have happened to the holder from the account of origin. But yep, it's a scam and the best thing to do is to stay away from it.

[mysteryquest]

Originally Posted by ner0

Firstly the Secret Services have better things to do than to talk to the middle man, secondly the FBI goes like that Las Vegas saying, what happens in the US stays in the US and there are a lot of people targeted who are way out of the FBI jurisdiction, so let's say law enforcement instead, but I got your point... The money would be withdrawn since it wasn't legal or was a fraudulent transaction and I understand that, but the most intriguing thing you said is that you would be charged a fee by the bank operation which doesn't make any sense, someone oblivious to the scam (IBAN number mixup, etc.) could have to pay a fee for something they don't have knowledge? I would have assumed that it would have happened to the holder from the account of origin. But yep, it's a scam and the best thing to do is to stay away from it.

Well the Secret Service and FBI have contacted many "middle men" and have even pressed charges against some of them. Ignorance of the law has never been an excuse. Every bank will charge a fee for a returned item, especially when its a counterfeit check. When anybody accepts a check and deposits it in a financial institution there are implying that it is authentic, drawn on an existing account which contains the funds to pay it. That's why one should never accept a check from somebody they don't know.

[ner0]

A counterfeit check and a wire transfer are two different things, but there is nothing else to add to this thread. Regards.

[poirot]

Originally Posted by ner0

A counterfeit check and a wire transfer are two different things, but there is nothing else to add to this thread. Regards.

Check mule or money mule, either way you'll be force to refund the bank. If the scammer transfers money to your bank account, it still comes from illicit proceed, most often another victim of the same scammer, and when that scam is reported the victim's money will be traced to you. You'll still have to pay it back and explain to the police and/or the bank how you had nothing to do with that other scam.

[ner0]

Originally Posted by poirot

Check mule or money mule, either way you'll be force to refund the bank. If the scammer transfers money to your bank account, it still comes from illicit proceed, most often another victim of the same scammer, and when that scam is reported the victim's money will be traced to you. You'll still have to pay it back and explain to the police and/or the bank how you had nothing to do with that other scam.

That was not the point, instead it was about paying a fee besides the withdrawal. I don't know how the law works around where you live but if I ever was involved in some scam and had to talk to the police, then by all means, in all good faith. Innocent until proven guilty, not the other way around. I don't even know why I'm continuing the futility of this argument. I started the thread for a reason explained at the top, would you be so kind as to settle the thread as it is? For god sake...

[mysteryquest]

@ ner0 We are only making sure that the ramifications of accepting a fake check are clear, not just to you, but to others who will read this thread. One thing you didn't include was the email address that was used by these scammers. I note that there is a website for this "company" http://www.raycoindustrialsupply.com which has no website. These are usually used for email only scam emails. Could you post the email address the scam email came from? Thank you.

I still don’t get it. Let me presented here two cases:
Case 1: Rayco deposit an amount by Check in my account. Because the deposit was made by Check, my bank only allows me to pick the cash out, after 3 days (that is the time tha my bank takes to see if the Check is “good”). If it’s the Check is fake, if the Check is a fraud, FBI or any authority’s will get Rayco or the bad guy. That’s why any bank takes 3 days. If nothing happens after 3 days, I pick up the money! So… what can happen to me?
Case 2: Rayco deposit an amount in cash in my account. Because the deposit was made in cash, I can pick it up immediately, right? Cash money deposit in my account, it’s free to be withdraw, right? I pick up the money. It’s in my hand now. So… what can happen to me? I have FBI or any other authority waiting for me on my out of the bank?
I still don’t get it, what kind of fraud is this! If someone deposits an amount in my account, I pick it up, and deposit this amount in another account, or send it by Western Union, is this a fraud? My wife has deposit money in my account from UK, I’ve pick it up, and use Western Union to send it to my sun in Brazil. Is this a fraud?
Please, can someone try to explain to me what is wrong with picking up money that was deposit in my bank account, and send it to someone else? What is wrong with that??

[poirot]

http://en.wikipedia.org/wiki/Money_mule

Online money mule scams typically exist as a result of other types of online fraud, such as phishing scams, malware scams or scams that operate around auction sites like eBay. After money or merchandise has been stolen using any of those methods, a scammer will employ a mule to relay the money or goods to the scammer. This process obscures the scammer's true identity and location from the initial victim.[1] Money mules may be subject to criminal prosecution for their actions.[2]

Money mules are commonly recruited with job advertisements for "payment processing agents," "money transfer agents," "local processors," and other similar titles.

[Dodobird]

Originally Posted by Dividas

Case 2: Rayco deposit an amount in cash in my account. Because the deposit was made in cash, I can pick it up immediately, right? Cash money deposit in my account, it’s free to be withdraw, right? I pick up the money. It’s in my hand now. So… what can happen to me? I have FBI or any other authority waiting for me on my out of the bank?
I still don’t get it, what kind of fraud is this! If someone deposits an amount in my account, I pick it up, and deposit this amount in another account, or send it by Western Union, is this a fraud? My wife has deposit money in my account from UK, I’ve pick it up, and use Western Union to send it to my sun in Brazil. Is this a fraud?
Please, can someone try to explain to me what is wrong with picking up money that was deposit in my bank account, and send it to someone else? What is wrong with that??

Dividas,

This works very well when someone such as your wife makes the deposit, which is not the case at present.

What happens is that the scammer uses a stolen bank account to transfer the money into your bank account. You withdraw the money and re-send to the scammer and then, the transfer is re-called because the victim who's account has been stolen has filed a complaint with his bank and the police.

The other scenario is when the money transferred into your account comes from illegitimate sources who are laundering it, which would also make you an accomplice in fraud.

In most countries of the world, a bank account (unless it is corporate) is NOT to be used in order to cash payments from a third party, which is what you would be doing. If the third party is a close family member or friend, this is not the same.

[ner0]

Originally Posted by Dodobird

Dividas,

This works very well when someone such as your wife makes the deposit, which is not the case at present.

What happens is that the scammer uses a stolen bank account to transfer the money into your bank account. You withdraw the money and re-send to the scammer and then, the transfer is re-called because the victim who's account has been stolen has filed a complaint with his bank and the police.

The other scenario is when the money transferred into your account comes from illegitimate sources who are laundering it, which would also make you an accomplice in fraud.

In most countries of the world, a bank account (unless it is corporate) is NOT to be used in order to cash payments from a third party, which is what you would be doing. If the third party is a close family member or friend, this is not the same.

It's funny how no one is taking into account the scenario where you do not keep up with the scam deal and decide to keep the money to yourself in your account. It's reasonable to think that it will eventually be withdrawn since it came illegitimately but is there any liability to the account owner? If he didn't bounce the money anywhere else?