Thursday, February 4, 2010

What is Felony Value-False Pret/Bogus Check/Con Game?

i know someone getting charged with this and wondered what it wasWhat is Felony Value-False Pret/Bogus Check/Con Game?
Someone tried to buy a car by sending a false check to the seller. Seller cashed the check, received the funds and transferred ownership to the buyer. Bank informs seller that buyer's check bounced which means that seller owes bank money while buyer, who has the car for free, resold the car for 100% profit. Seller's bank hires US Secret Service to track down buyer who is arrested.

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