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    SaddestDay's Avatar
    SaddestDay Posts: 16, Reputation: 0
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    #1

    Aug 2, 2008, 03:12 PM
    Cheque cashing Scams in Ontario
    Sadly I fell victim to my own ignorance.

    I've cashed about 4000$ worth of cheques at my bank. Then the person who I cashed the cheques for ran off with my bank card. Iève cancelled the card, but now I'm faced with a different problem, The bank froze my account and is holding my welfare cheque till the other 4 clear. I've been told by the bank that fraudulent deposits and withdrawals were made.

    A friend of mine suggested that I go into my home branch myself and make an offer to pay back everything and hopefully I won't get charged. He said the police will be involved, if I wait for the bank to contact me.

    What should I do ?
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    Aug 2, 2008, 03:57 PM
    You should be ashamed and I hope you get caught. $4000 of someone else's money makes me sick. Turn yourself in and it will be easier on you.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Aug 2, 2008, 03:59 PM
    If the checks were fraud, you are the victimm and you need to file a police report against the person who gave you the checks, you take this to the bank. If the checks are bad and you took the money out, you will also have over draft and over limit type fees also. And if you bounced any checks because of this those fees also.

    But yes, you need to go see them and make arrangements to pay this money back.
    SaddestDay's Avatar
    SaddestDay Posts: 16, Reputation: 0
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    #4

    Aug 2, 2008, 04:08 PM
    It wasn't someone else's checks I cashed, they were fake business checks...
    They had my name but fake info. And a well known business name on them...



    A friend of mine told me to go to the bank manager in person and beg for them to just make me pay it back instead of going through the court system.. . Cause then I'd pay back double or even triple plus get charged

    This is my first time doing anything like this, and I'm scared sh!tless cause I'm under 21 with 2 kids...
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #5

    Aug 2, 2008, 04:27 PM
    If you made up the fake checks, did not get them from someone else, I doubt they will do anything but call the police, But you can go beg and if you can pay them back in full they may well do it.
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #6

    Aug 2, 2008, 04:46 PM
    You didn't read the OP right, FR. I did. He COMMITTED FRAUD.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #7

    Aug 2, 2008, 04:51 PM
    No, he says he cashed them for someone, so it sounded like someone else gave them the checks. Then that person ran off with his bank card.
    I did read it and he said the checks were someone else's
    SaddestDay's Avatar
    SaddestDay Posts: 16, Reputation: 0
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    #8

    Aug 2, 2008, 04:52 PM
    Quote Originally Posted by Fr_Chuck
    If you made up the fake checks, did not get them from someone else, I doubt they will do anything but call the police, But you can go beg and if you can pay them back in full they may well do it.
    Someone gave them to me, I have not the slightest idea how to make them...
    I didn't realize it was fraud till this morning, the guy wrote me some checks gave them to me
    SaddestDay's Avatar
    SaddestDay Posts: 16, Reputation: 0
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    #9

    Aug 5, 2008, 08:04 AM
    Banking in Ontario
    The bank is holding my w3elfare check cause of fraudulent activity in the account, are they allowed to do that?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #10

    Aug 5, 2008, 08:05 AM
    Yes
    SaddestDay's Avatar
    SaddestDay Posts: 16, Reputation: 0
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    #11

    Aug 5, 2008, 08:07 AM
    Seriously,.
    Someone told me it depends on the banking manager
    And if they have it in writing that I'll pay them back them they might have mercy on me
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #12

    Aug 5, 2008, 08:08 AM
    Yes that's possible. But they are legally allowed to place a hold on funds if there has been fraudulent activity.
    SaddestDay's Avatar
    SaddestDay Posts: 16, Reputation: 0
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    #13

    Aug 5, 2008, 08:29 AM
    ii, thank you
    SaddestDay's Avatar
    SaddestDay Posts: 16, Reputation: 0
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    #14

    Aug 10, 2008, 04:16 PM
    UnAuthorized withdrawals by bank
    I have a credit card with BMO, but I owe them 3 grand in overdraft. Is BMO allowed to go into my credit without my permission and move the money from my credit card to the over draft?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #15

    Aug 10, 2008, 05:12 PM
    Quote Originally Posted by SaddestDay
    I have a credit card with BMO, but i owe them 3 grand in overdraft. Is BMO allowed to go into my credit without my permission and move the money from my credit card to the over draft?


    What State? It's done in NYS all the time.
    SaddestDay's Avatar
    SaddestDay Posts: 16, Reputation: 0
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    #16

    Aug 10, 2008, 05:14 PM
    Sorry about that, in Ontario Canada


    Update: I called the bank and they told me that the transaction took place at my home branch, and the banks cannot do that unless I give written authorization...
    twinkiedooter's Avatar
    twinkiedooter Posts: 12,172, Reputation: 1054
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    #17

    Aug 11, 2008, 03:56 AM
    What does your written contract say when you opened your account? Therein lies the answer to your question. If the "fine print" says they can when you have an overdraft, then they can do just that. How do you propose to pay for the overdraft?
    SaddestDay's Avatar
    SaddestDay Posts: 16, Reputation: 0
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    #18

    Aug 11, 2008, 05:50 AM
    Quote Originally Posted by twinkiedooter
    What does your written contract say when you opened your account? Therein lies the answer to your question. If the "fine print" says they can when you have an overdraft, then they can do just that. How do you propose to pay for the overdraft?

    They told me that I have till the end of September to pay the ovredraft before they take legal action... the joke is that my account has only been in overdraft for 11 days now...

    I agreed that I'll do my best to pay off what I can by September because I'm a single mother and about to go back to college... The manager said "No, you must pay this off by the end of september"

    I was planning on using a part of my student loan to pay it off. Seeing how at least I'd have more time to pay back student loan.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #19

    Aug 11, 2008, 06:09 AM
    Hello Sad:

    Doncha want to tell us how it happened?? Doncha think we've heard of the Nigerian scam that got you? What?? Did they answer you add of Craigs List?

    Apparently, your bank is holding criminal charges over your head... I'd do my best to pay them back, and I'd do it NOW.

    excon
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #20

    Aug 11, 2008, 06:13 AM
    Quote Originally Posted by SaddestDay
    They told me that i have till the end of September to pay the ovredraft before they take legal action... the joke is that my account has only been in overdraft for 11 days now...

    I agreed that I'll do my best to pay off what i can by September because I'm a single mother and about to go back to college... The manager said "No, you must pay this off by the end of september"

    I was planning on using a part of my student loan to pay it off. seeing how at least i'd have more time to pay back student loan.


    When they say legal action are they talking about civil Court for a deliberate overdraw?
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