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I was hired as a "straw-buyer" to buy luxury vehicles to resell to a company that exports them to china..

Memphis, TN |

What woulld happen if when they sent me the cashiers check to purchase the vehicle, i bought it in my name like i was told to do. but then turned around and instead of sending the car to them i resold it to someone and kept the money? Then turned in the export company

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Attorney answers 7

Posted

This has "bad idea" written all over it. In fact I am not even sure where to start the analysis. My suggestion is to not assist in shipping the cars, do not accept the cashier's check (you assume it might clear the bank) and clearly do not double cross the export company. Those companies are often tied to organized crime. Best thing to do is find another occupation.

This answer was provided for general informational purposes only and is not an offer to represent you. You should not act, nor refrain from acting, based upon any information contained within this answer. Neither the information in this answer, nor your receipt of it, creates an attorney-client relationship.

Posted

Given your set of facts, you could be liable to the Export Company for conversion or fraud, given that you took a vehicle they intended to sell and sold it for your own monetary benefit. If you've got issues with how this company operates and have ideas of "whistleblowing" for profit, think again. Very few "whistleblowing" complaints to regulators or gov't authorities see the light of day. Even if they do, there is no guarantee that you'll receive anything.

Your course of action doesn't sound prudent to me.

The foregoing is not legal advice nor is it in any manner whatsoever meant to create or impute an attorney/client relationship.

Posted

I agree with the prior attorneys and would add that often times anything to do with a cashier's check form an overseas company involves fraud. Make sure you deposit the check and wait a few weeks to make sure it clears the bank.. Too often we see people depositing overseas cashiers checks in their account and then spending the money; the check turns out to be bogus and you bank expects you to make the money good. Just because your bank credits your account with the money does not mean the check is good and has cleared the sender's bank. It can take weeks for that to occur.

Nothing in this communication should be construed as creating an attorney-client relationship. I provide this service for educational purposes only. I will take no action on your behalf unless you have hired me and a written retainer agreement is signed. I am licensed only in Tennessee and I strongly suggest you consult with an attorney in your city and state as Statute of Limitation deadlines can limit your recovery.

Posted

If you cash their check, use their money, then you're part of their scheme and will be prosecuted equally, even if you "cooperate." If you believe they are conducting illegal activity you should report that to law enforcement. You would not be a buyer in good faith.

Posted

Seriously? You are asking a bunch of attorneys if it is okay for you to commit fraud and felony theft? You don't need a lawyer for this question, but you will when you are arrested.

Posted

Those actions would be federal fraud charges and exposure to federal prison time.

Posted

Fraud and tax implications exist here. Just do not do it.

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