Fake bank drafts being used to buy cars

Brendan Burgess

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http://www.herald.ie/news/fake-cheques-used-to-buy-cars-warns-aa-3202577.html

"The seller should make it clear to the buyer that he will only hand over the car when the bank draft is cleared," Mr Faughnan said.
"There are few reputable buyers who would object to this."



...
The latest version of the scam saw a €28,000 forged bank draft accepted for an Opel Insignia car in a private car sale at the Liffey Valley Shopping Centre.



The seller agreed to meet with the buyer at the Lucan shopping centre after negotiating a price in the days leading up to the sale.
...

In May, Gardai warned people to be vigilant when selling cars privately through advertisements after they were alerted to a scam involving counterfeit bank drafts.

Sgt Mark Campbell of Ronanstown Garda Station said that individual sellers should be aware of conducting business privately.



"A fraudster is targeting individual sellers and buying their cars using counterfeit bank drafts. The vehicle is then immediately sold for cash."
In May, Gardai managed to recover 14 out of 15 vehicles involved in a similar fraud.



The fraudster had targeted owners selling their cars on internet sites, swindling them out of an estimated €130,000 in just six months.
The deals are usually conducted on a Thursday or Friday evening, so the bank draft cannot be checked by the bank until Monday morning.
 
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