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Yacht Sellers Beware!

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People who are selling their Yachts need to be aware of fraudulent activities currently occuring. The deception begins when a potential buyer contacts the seller via email. The buyer makes enquiries and requests photos, stating he/she would like the boat to be shipped abroad and promises to pay by cheque.

Although the cheque is fake or stolen, it appears to clear long enough for the boat to be delivered, but then the funds are denied by the bank.

Precautions to take, according to Yachting Monthly :

  • Establish the buyer’s identity
  • Speak to them on the phone
  • Establish a physical address
  • Be suspicious of “remote buyers” using agents
  • Raise any suspicions about a cheques validity with your bank

    • If in doubt please seek professional advice or talk to the police.

    This entry was posted on Tuesday, July 31st, 2007 at 12:01 pm and is filed under Boat Theft. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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