Legal Question in Banking Law in New Jersey

Re: Internet banking

If the business is legitimate, I would have to have more details to tell if there were any regulatory limitations. However, this sounds like a variation on an old scam designed to separate you from your money. It works like this: You deposit checks that you have been given by someone working for the scammer. The checks are, in fact counterfeit and drawn on a foreign bank. When the funds are "available" in your bank, you send the offshore company their share. Unfortunately, the foreign bank eventually dishonors the counterfeit checks and you are left holding the bag in the sense that you owe your bank the money that you sent to the scammer. If your deal sounds something like that, be very careful.

See also: http://info.corbettlaw.net/lawguru.htm