Possible SCAM

[bryan]

The business where I work is an international distributor of
speciality paper products.  ALL of our international business
is handled on a prepaid basis by our customers.  They all have
our bank account number and the bank routing instructions.

When they wish to place an international order, they simply
instruct their bank to make a bank to bank transfer of the
funds and the money is deposited directly into our company's
account at our bank.  Our bank then notifies us that the funds
have been received and we ship the order.  THIS IS A STANDARD
EVERYDAY WAY OF CONDUCTING INTERNATIONAL BUSINESS AND COMPANIES
HAVE BEEN USING IT FOR YEARS!!

Bryan W5KFT




At 01:23 PM 7/4/98 -0500, Mike Souhrada wrote:
>Ed Mosher wrote:
>>
>> I received a request for some information from a "ham" in South America.
>> He wanted to purchase some of my surplus Heath manuals.  He stated he
>> was, however, afraid to send money orders via mail, and he asked for "MY
>> Bank account number and bank routing numbers" so he could make a wire
>> transfer.  Am I the only one who sees something not quite right here.
>>
>> In case you've been hiding for a long time, with those numbers someone
>> can CLEAN OUT your account as well as deposit to it.  BEWARE if anyone
>> wants to do business that way.
>>
>> There IS a way to do this. Check your bank for the procedure to have
>> money transfered directly to the BANK in a secure account.  It's called a
>> UPI transfer, for "Upon Proper Identification"  That way banks talk to
>> banks only, and do not access accounts directly.
>>
>> FYI;  Seller Beware!
>>
>> Ed
>> WA8ZVO at JUNO.COM         Formerly  "One of the Hams at Heath"
>>
>ED
>I noticed this post and felt I should comment.
>The wire transfer wiring via bank route number is a common commercial
>mode
>of depositing money internationally. Your concern for cleaning out the
>account
>is not warranted as there is no authorization on your part for such a
>transaction.
>
>Banks do talk to banks in this way often. As a former corporate
>controller
>of 25 + years I've done it many times, especially for credit risks. I've
>also made arrangements personally for an international sale of ham gear.
>It's a very safe way of getting funds to your account not out of.
>Mike
>
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