ATTENTION CATAMARAN BUYERS AND SELLERS!!!
ULTIMATE POWER CAT.COM HAS BEEN MADE AWARE ABOUT SOME RECENT FRAUDS.
1. EXAMPLE FRAUD THAT (YOU) THE SELLER SHOULD BE AWARE OF:
A buyer may call you and act interested in buying your boat They will then in some cases pay exactly what you are asking. In some cases they may willing to pay more than your asking price. Then the buyer will send you a check, or a letter of credit, or even a cashiers check for the boat and tell you that you need to refund only a portion of the selling price. However, the check that you received has not cleared your bank. You would then send money back to the fake buyer, without the buyers check ever clearing your account. The buyer disappears and you are left with the uncleared check. Simply put, they send you a bad check, and you send them a good check. This is being done in the US as well as other countries. Please note that banks do not consider cashier checks the same as cash. A person may stop payment on a cashiers check.
What should I do:
Always make sure you know who you are dealing with, and who you are talking with. Get their addresses, names, and phone numbers. Never send any money back to the purchaser without making certain that their check has cleared your bank. Call your bank and and ask if the funds are cleared.
The safest way is to have the buyer wire funds into your account, and check with your bank to be sure funds are received and secure. However, check with our bank to be certain the transactions has no recourse.
AN ACTUAL EXAMPLE:
2.EXAMPLE FRAUD THAT YOU, AS THE BUYER SHOULD BE AWARE OF:
Anyone can list a boat for sale on a boat-for-sale website, or put a ad with a picture of a boat.
Unfortunately there are always people who do business with bad intentions. A criminal type person, in this scam can list a boat for sale without ever owning it. They simply take a picture of a boat, make up a description, list the boat for sale while claiming to won it. Buyers will typically note that the deal seem to good to be true.(this should be your first clue that something is wrong.) When you contact the seller, the seller will request that you send some money as a down payment so you don’t lose the sale. Simply put, they take your money and run.
What should I do:
Make certain that the seller is real. Get names, addresses, phone number and references. Call them after hours and listen who answers or how they answer. Are you able to get through at any time? Do they have an answering machine. Call the BBB in their area if they are a dealer. Get H. I. N. Number (hull id number), and check it out with that manufacturers. If you feel skeptical, only agree to an escrow account with a Attorney of your choice. This way, when the boat arrives, and everything is OK, your money goes to the seller, and you receive your boat.
The good news is, these instances are rare. These instances are not just “internet crimes”. These unscrupulous people can just as easily do these scams with your local newspaper. However, if this happens to you, no statistic on earth will console your pocket book. Use common sense and do you due diligence. If anyone is aware on any activity that is questionable, please feel free to contact us, and we will immediately inform the correct agencies. We hope this information helps, and appreciate your business.