Very few credit cards will allow a $10K balance transfer regardless of the receiving account’s credit limit.
All right, substitute in “some payment instrument” for “credit card”. Daddy had some fraudulent payment instrument that he used to pay Baby’s $10,000 credit card debt. When the credit card company figures out the payment was fraudulent, they’re going to cross out the fake payment and Baby will still owe them $10,000.
In no case will they say that Daddy’s payment stands, and try to go after Daddy for the $10,000. That ain’t gonna happen.
Are there restrictions around how much can be paid off? Maybe it does depend on the card and your history with the CC company. I know the CC won’t let you pay more than you owe, but I hadn’t heard of any problems paying off a large balance. I think I’ve made a payment of at least $8000 when I was paying off supplies for a home improvement project.
If Baby has a balance of over $10,000, I would have thought the transfer would go through.
Correct. O is an unwilling participant/victim in this game. My guess is a little old lady with a large saving account; S has an accomplice / paid-off lackey who is a teller at a bank somewhere; which is how S got O’s account info.
I wonder how much time Sugar Daddy invests in each mark. That is, what is he earning per hour.
I wonder what percentage of the “sugar daddies” are really rich men desperate to spend tons of money on random internet women and which are really wolves picking the low-hanging sour grapes.
So, tessaract’s coworker is telling her a story about a man she’s never met giving her $10,000 (for, uh, phone sex?)-- but Oh noes, now the coworker is going to end up maybe losing $2,000, right when coworker has had a death in the family and things are really bad.
I’m pretty sure some kind of scam is happening, but I couldn’t say who the mark really is…
I’m just saying, if I were tessaract, I’d stop keeping anything valuable at work, and think very very very hard about what I’m willing to do to help out purported Sugar Baby.
Endless entertainment I can imagine there are Dopers who could be champion scambaiters.
How much Credit card debt did he pay off first? If it is substantial, this possibly, maybe not a scam.
It’s not the paying it off that is restricted, it’s the “shuffling debt from one card to another”. Normally you can’t just get a new credit card and pay off the old one. They want you to pay it with real money, not just more credit. The “balance transfer” deals are an exception. The new card will say “we offer interest free balance transfers for 12 months” and then they will give you a check for the balance on your old card, which you then use to pay it off. Now your new card has the same balance as your old credit card did, but you have a year interest-free to pay it off.
I don’t see how she’s scamming anybody. Sugar daddies know what kind of deal they’re entering into.
IME, financial institutions are much more finicky about validating payments on debts owed to them than they are about validating payments to accountholders. So the 419 scam may work because it takes ages for a bank to notice that a cashier’s check is fake, but they’ll spot a fake one being used to pay them right away.
Like hell they won’t. I once accidentally deposited a large 3rd party check into my credit card account rather than my bank account- I’d just received a new credit card that looked exactly like my bank card.
Even though I noticed the error 3 seconds after it happened the credit card company really wanted to hang onto my 15K, even though my account had no balance. It took me several months of trying hard to get a refund.
After that incident I did realize that I was provided with an opportunity to hide income, if I was ever in a position to have extra income. I could have just failed to enter that payment into my bank account and used the hell out of that card for a while.
If you remember the movie “Catch Me If You Can” (based on a real-life scammer) one of his tricks was to alter the routing numbers on fake cheques so they would be sent across the country, only to be rejected and sent back again. In the good old days, this involved sending actual paper between data centers and it could take weeks or months for the system to realize the cheques were fake.
I read about someone who got caught in the “oops I overpaid” scam. They specifically asked the bank, several times, if the cashier’s cheque was valid. The bank assured them it was… until it bounced about a week or more later. IIRC that assurance resulted in a judgement that meant the bank ended up on the hook for the money.
I don’t know why in this day and age the banks cannot verify a cashier’s cheque (serial number or transaction number?) immediately. I suppose someone could get a valid one and make a dozen forgeries from it - but if I can think of that, the banks also must have a way of catching that.
Who would you hide it from? Your spouse? The IRS or the police or a private lawsuit will still get your credit report, including all credit cards in your name, and from there get your transaction records. Plus basic questions - you aren’t withdrawing money to buy groceries or pay for gas or pay a credit card bill - how do you live?
Please keep us updated, it would be interesting to see what actually happens.
My guess is that 10k payment is reversed and she still owes that and the 2k.
Ok, I skimmed the OP the first time. At first I was thinking ‘well, if it’s a rich man, and maybe she did some really great stuff with him, $10k to a mistress is not unheard of’.
But never met in person? Made her pay $2000? Yeah, scam scam scam.
a. Anyone with $10k to throw to his mistress isn’t going to give it away without at least getting something he wants from her. (probably lots and lots of sex)
b. Anyone with that kind of money is going to have a dozen different legitimate ways to pay any bills he incurs. Whether it be a a high end credit card or a fat bank account or 10 other ways. He’s never going to run the transaction through some person he just met.
So we know it’s a scam. The only way she doesn’t get shafted for the $2k is if the true victim somehow never notices or reports it. That isn’t impossible, but it’s unlikely.
Hey! So something similar happened to me and I’m now super nervous. Literally the same thing except different amounts of money. Do you mind telling me what ended up happening to your friend? Was the 10000 reversed or did she end up getting her credit card paid off pretty much?
Thank you!
The original poster’s last board activity was October 1, 2017 so you might be out of luck for a resolution.
Same answer I’m sure; I’d love to hear from original poster. But either the recipient’s credit card will be dinged when the card company discovers the fraudulent transaction - or the money came from a fraudulent transaction elsewhere and someone else is on the hook and it will never be traced and taken off your card.
But the short answer is that by having the card holder purchase and send “money” as gift cards, it makes the overall money that much less traceable to the original perpetrator of the card transaction. The whole exchange is worded too that the final recipient of the gift cards is not the original person doing the transaction, I’m sure he has a plausible explanation why he expected the cards - so he has plausible deniability if the police follow the money to him.
The ingenuity of these transaction scams and the gullibility of the people who fall for them never ceases to amaze me.
An acquaintance sold his car on eBay for £10k. A buyer from Albania (not in the EU or the Euro) emailed and agreed to buy it for the asking price. He arrived with a cheque for £12k and explained that he needed some cash but his country had strict rules so he wanted an invoice for the £12k and would give the seller £100 for his trouble. Naturally, he was prepared to wait a few days for the cheque to clear, so the seller was happy to take the £10,100 when he had expected to be beaten down anyway.
A few days later my acquaintance checked online and saw that his account showed the £12 deposit, so he parted with the car, plus £1,900. A week later he discovered that the cheque had bounced, so he was out £1,900 plus his car.