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Date Posted: 00:18:06 02/08/04 Sun
Author: Dubs
Subject: AG Warns About Rising Internet Scam

AG Warns About Rising Internet Scam

POSTED: 5:22 PM CST February 6, 2004
UPDATED: 5:28 PM CST February 6, 2004

HOUSTON -- The Texas Attorney General's Office issued a warning Friday about one of the fastest-growing Internet scams.

Here is how it works.

You try to sell a car online through an auction Web site. A potential buyer contacts you and says he wants to buy the car for $5,000 but already has a $10,000 cashier's check made out. He says he'll send you the $10,000 cashier's check, and then you can send him the $5,000 difference.

Thinking that the $10,000 cashier's check is as good as cash, you deposit it into your bank account and send him the difference. Days later, the bank tells you that the cashier's check was no good. You lost $5,000.

One woman at Attorney General Greg Abbott's news conference Friday said she lost $7,000 to a man in Amsterdam.

"I actually just couldn't believe it," the woman said.

Abbott said there is little law enforcement can do.

"Once the money is sent to a foreign country, it is virtually impossible to track down. It will be next to impossible to get the money back," he said.

He offers a warning.

"If you're trying to sell something to somebody else, you should never be sending money to the person who is purchasing the item," Abbott said.

For more information, visit www.oag.state.tx.us.

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