London Gold Xchange This company seems legit, until you realize the checks they have aren't. Colnbrook SL3 0AYColnbrook SL3 0AY, Berkshire United Kingdom
This company sent me an email from an online jobsite. They stated that you can earn money processing checks. I had worked for banks for several years and thought that this would be a pretty neat thing, however, I advanced skeptically.
The name on the check they sent me is legitimate enough. The guy owns his own cafe. The phone number in the email that I got, however, tracked the company to the Rip-off Report. I'll be doing some investigating and talking to some of my friends back at the bank. If this proves to be a scam, I'm going to see if I can talk to the Dept of Treasury.
The FAQ that they sent along states that the company's practices are legal. The cashing and wiring is all very legal, the stolen check (which I'm assuming here) is not however. I'll update this with my findings.
Heath
Orlando, Florida
U.S.A.
3 Updates & Rebuttals
Dave
New Westminster,British Columbia,
Canada
The cafe owner isn't the target victim
#4Consumer Suggestion
Mon, January 08, 2007
The scam isn't stealing money from the account the check seems to be drawn on, it is stealing the money of someone unfortunate enough to send a wire transfer.
"Wiring is legal". That may be true, but it is NOT recommended for anything other than personal reasons. Even Western Union says this on their home page:
"Tip: Don't send money to anyone you don't know."
Someone in another country whom you've never met is someone you don't know.
To help prevent people from falling for London Gold Xchange, file complaints with ftc.gov and ic3.gov.
Heath
Orlando,Florida,
U.S.A.
Things I realize
#4Author of original report
Mon, January 08, 2007
I knew it was a scam from the get go. The reason I'm going to the bank is to prevent any more theft from this account. My ability to deduce information that is false is not the reason I am investigating further, had you had faith in the individual posting you'd have probably realized that and actually posted something useful, rather than a rebuttal that seems to make light of my powers of judgement.
Robert
Wallingford,Connecticut,
U.S.A.
No need to investigate. It's a scam.
#4Consumer Comment
Sat, January 06, 2007
Why would they have an average joe process checks? Any time you are asked to cash a check and wire money, especially out of the country, it is definately a scam.
I do not now nor have I ever worked for a bank and it sounds like a scam. As someone who worked for a bank I would have hoped you would have figured that out.