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General Chat (Vincent Related)
Scams Selling Your Vincent Beware
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<blockquote data-quote="Speedtwin" data-source="post: 179591" data-attributes="member: 5012"><p>The other factor in play is what is called proceeds of crime which I gather is european and still applies in the UK.</p><p></p><p>Cheque has cleared, bike is gone to new home at the (drug dealer for instances bike collection), money resides in the account of the seller.</p><p>Anytime after, no time limit, if the money used to buy your pride and joy is found to have originated from the proceeds of crime the funds will be taken back by the authorities, removed from the innocent sellers account.</p><p>If the money is not there, then it gets complicated.</p><p></p><p>The responsibility is on the vendor to ensure the money received is traceable, auditable and clean.</p><p>So when banks take a month to clear a cheque they are only covering their own back not yours.</p><p></p><p>Every wondered why your bank will not take large amounts of cash or allow you to withdraw large amounts?</p><p>They are all rascals.</p><p>Al</p></blockquote><p></p>
[QUOTE="Speedtwin, post: 179591, member: 5012"] The other factor in play is what is called proceeds of crime which I gather is european and still applies in the UK. Cheque has cleared, bike is gone to new home at the (drug dealer for instances bike collection), money resides in the account of the seller. Anytime after, no time limit, if the money used to buy your pride and joy is found to have originated from the proceeds of crime the funds will be taken back by the authorities, removed from the innocent sellers account. If the money is not there, then it gets complicated. The responsibility is on the vendor to ensure the money received is traceable, auditable and clean. So when banks take a month to clear a cheque they are only covering their own back not yours. Every wondered why your bank will not take large amounts of cash or allow you to withdraw large amounts? They are all rascals. Al [/QUOTE]
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