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I’m a Victim of the Fake Money Order Scam. What Can I Do? – Emmanuel

“Dear Steve,

Hi. I am a eighteen year old student who just recently started college. I have a big problem and I don’t know what to do. I recently took a a job online. I was told I was going to get paid $300 dollars. The boss at the time sent my three money order checks of 900 ($2700). I went and deposit it to the bank. During this week, the bank call me saying that the money orders where bounce and now I owe $2700 to the bank. I didn’t know they where fake money orders and now I don’t know what to do. Is there any way I can get out of this because I don’t have money to pay this. Help please.

Emmanuel”

Dear Emmanuel,

I’m so sorry to hear that you are a another victim of the fake money order scam. The scammers are clever. The money orders they send look real, but they are not.

The problem is that the moment you deposit those money orders in the bank you are personally guaranteeing the funds until they clear. The scammer knows it will take a few days for the funds to clear so in the meantime the scammer asks you to send the extra part of the money back.

Then, as you know, the bank will notify you the money orders are no good but you’ve already taken the money from the bank, that the bank advanced you, and send it off typically via Western Union or MoneyGram.

As a fraud victim you should report this to your local police department but you will still be responsible for paying the bank back what you owe. You’ll have to make a payment repayment plan with the bank.

Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.




About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

3 Comments

  • I am on a money order scam as well.
    Police wont be able to do anything because is a international fraud case. We have to pay the remaining of what I owe to the bank (9K).
    No point of reporting to the police. I wasted over a hour with them and they cant do anything on their end.
    I rather be online and give out the person’s information online. So next person wont fall for the same trap like I do.

  • What is the fraud insurance for banks even for if they are making the person who was scammed pay the money back? Why arent they going after the person who purchased it? Banks dont care about anything but the money. Their are victimized as well from this incident but they only care about themselves. I fell victim to same as the article above! They are telling me if I don’t pay the funds back the teller that cashed the money order will be fired! So, I again feel very victimized by the institution and feel they are now black mailing me with this tellers employment on the line!!! A bunch of BS

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