# Explain this scam? (Unexpected check from "Red Oak Capital Management")

**URL:** <https://boards.straightdope.com/t/explain-this-scam-unexpected-check-from-red-oak-capital-management/494120>\
**Category:** Factual Questions\
**Created:** [April 23, 2009, 5:39pm UTC](https://boards.straightdope.com/t/explain-this-scam-unexpected-check-from-red-oak-capital-management/494120 "2009-04-23T17:39:48Z")\
**Posts on this page:** 4\
**Page:** 3

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**Author:** ![Xema](https://avatars.discourse-cdn.com/v4/letter/x/9de053/32.png) [@Xema](https://boards.straightdope.com/u/Xema)\
**Post date:** [April 28, 2009, 9:39pm UTC](https://boards.straightdope.com/t/explain-this-scam-unexpected-check-from-red-oak-capital-management/494120/41 "2009-04-28T21:39:01Z")

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> [@whatami](#):
>
> the deposit will start accruing interest on the day it’s deposited, HOWEVER if the check bounces, that credited (or earned but unpaid) interest will be reversed from the account.

Right. Anyone who thinks a bank will fall in with a scheme whereby you profit from depositing checks that prove to be bogus needs to get in touch with those friendly guys from Nigeria who have some _really super_ deals.

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**Author:** ![MannyL](https://avatars.discourse-cdn.com/v4/letter/m/ba8739/32.png) [@MannyL](https://boards.straightdope.com/u/MannyL)\
**Post date:** [April 29, 2009, 12:10am UTC](https://boards.straightdope.com/t/explain-this-scam-unexpected-check-from-red-oak-capital-management/494120/42 "2009-04-29T00:10:02Z")

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I stopped using personal checks because someone could buy VersaCheck or software like it and make up their own checks with my routing and account #. I’d eventually be credited back but it’s a risk. Instead I let my bank send out all my checks for free.

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**Author:** ![The\_Seventh\_Deadly\_Finn](https://avatars.discourse-cdn.com/v4/letter/t/6bbea6/32.png) [@The\_Seventh\_Deadly\_Finn](https://boards.straightdope.com/u/The_Seventh_Deadly_Finn)\
**Post date:** [April 29, 2009, 9:40am UTC](https://boards.straightdope.com/t/explain-this-scam-unexpected-check-from-red-oak-capital-management/494120/43 "2009-04-29T09:40:27Z")

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> [@Projammer](#):
>
> Let’s just skip all this and go to plan C. You write me a million dollar check. I’ll write you one of the same. We’ll deposit them at the same time and let them drag up the average until they process and cancel each other out.

You’re wasting your time in your current job-- you clearly belong at Goldman Sachs. You’d fit right in. 😃

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**Author:** ![Ponderoid](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/ponderoid/32/19221_2.png) [@Ponderoid](https://boards.straightdope.com/u/Ponderoid)\
**Post date:** [April 30, 2009, 4:14am UTC](https://boards.straightdope.com/t/explain-this-scam-unexpected-check-from-red-oak-capital-management/494120/44 "2009-04-30T04:14:14Z")

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> [@MannyL](#):
>
> I stopped using personal checks because someone could buy VersaCheck or software like it and make up their own checks with my routing and account #. I’d eventually be credited back but it’s a risk. Instead I let my bank send out all my checks for free.

Any check your bank sends out for you will have the same routing and account info on it as your own personal preprinted checks.

\*\*\* Ponder

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