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    traderdwa's Avatar
    traderdwa Posts: 1, Reputation: 1
    New Member

    May 1, 2006, 12:51 PM
    Currency transactions
    My "friend" in Ireland wants to send me money orders to deposit in a bank in the US and send him money by Western Union. Are there reporting requirements for receiving money from Europe and/or sending money to Europe?

    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,303, Reputation: 7691

    May 1, 2006, 01:24 PM
    This is one of the biggest scams going today, they send you money orders
    (which turn out to be fake) you deposit them in your bank account.

    You then send money Western Union. So when the money orders bounce, you are with a minus balance in your checking account.

    There is no legal reason to transfer money like this, they have the same banks in Ireland we have in the US, even chains of the exact banks.

    They may even let one or two real money orders go though at first to sucker you into some of the big ones. That way they get the real money that you can't ever get back from Western Union, and you will owe the bank, and may even face some criminal charges if you don't pay all of it back to the bank.

    You don't get something for nothing, I bet you meet your "friend" though an email or chatroom??
    benben's Avatar
    benben Posts: 2, Reputation: 1
    New Member

    May 10, 2006, 10:33 AM
    Don't do it

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