Legal Question in Business Law in Florida

Check Cashing Scam?

I was approached thru Monster.com to apply for a Regional Account Manager performing check cashing, money remmitance and wire transfer services for out of state and out of country businesses. I would receive the checks whether it be $5K or $100K and deposit them into an established bank account. Wait for funds to clear and then forward them to business and clients. My fee is 5%. My husband was skeptical and didn't know where to turn. Is this legal? It seems as it they are avoiding clearing houses? Is there anything wrong with doing so?

Thanks


Asked on 11/23/04, 11:23 am

2 Answers from Attorneys
Moses Williams Moses E. Williams, Attorney at Law

Re: Check Cashing Scam?

I would need more information to advise you.

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Answered on 11/23/04, 11:34 am
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Check Cashing Scam?

It is a scam. Once you remit the check are reported stolen or fraudulent and then the money is charged back to your bank and to you. Stay away from it.

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Answered on 11/23/04, 1:09 pm


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