Got mentioned by Reid Goldsborough (requires registration) today, regarding the famous Sal Wise fraud. Sal is currently scraping together $1000 to pay back United Check Cashing, and indirectly to pay back Joe Balla, who just found out about a week ago that the stop payment he had placed on his check to Sal had not been honored by his bank. It's a complicated story, you can read about it at StopOnlineFraud.com. I learned something at Joe's expense; never put a stop payment on something if it's not guaranteed, and that means you get your money back right then and there. A non-guaranteed stop can be worse than just letting a bad deal go down. In the latter case, you have just one individual to deal with. But between Joe and his money are at least two banks and a check cashing store.
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last updated 2013-01-10 20:31:39. served from tektonic