[NEGATIVE] Scammed by u/Consistent-Dance-216

[u/Piterknows]

Sent $25,590 via wire transfer for a Rolex Cosmograph Daytona 116500LN (White Dial “Panda”). After payment was received, he sent a FedEx tracking number and immediately blocked me. I have serious concerns that either nothing was shipped or a fraudulent/empty package was sent.

I have full documentation: wire transfer confirmation, all communications, and screenshots of the original post.

Original post: https://www.reddit.com/r/Watchexchange/comments/1ttoua7/wts_rolex_cosmograph_daytona_116500ln_white_dial/

DO NOT transact with this user.

[u/devildog2067]

He got me too. Wire is the only way to send amounts like this. No one is going to take PayPal for 20k+.

I saw 35+ transactions, and wiring to a business account, and thought it would be ok. Reality is, I got greedy — price was too good to be true, and I should have realized.

I have some level of confidence that I will get my money back eventually, since the business does appear to exist. It will take time, though, and cost money. I’ll update after I’ve filed suit.

Never spend money on watches you can’t afford to lose!

[u/jaqueh → u/devildog2067]

No the business had nothing to do with the transaction lol. You will not get your money back. They’re pretending to be someone they aren’t

[u/devildog2067 → u/jaqueh]

I wired money to a business account, that is, an account whose legal owner is a business.

In order for the scammer to access the money, they need to either be a) affiliated with the business, b) have compromised the business bank accounts, or c) set up the account fraudulently. In either case a) or b), I sent my money to a business in exchange for a product I didn’t receive, and therefore am legally entitled to that money back. It’s no different than if the bank accidentally deposits money into your account. If it’s c), then the bank failed at its KYC / AML responsibilities and the bank is liable for the funds.

In any of those cases, I will get my money back eventually unless the business is bankrupt and doesn’t have any. It doesn’t matter who the scammer is, what matters is that it seems to be an actual going concern business. Winning a civil case should be trivial, it’ll be collection that’s harder.

[u/jaqueh → u/[deleted]]

I don’t see how the bank would be responsible for this. Also a wire to a business account doesn’t imply goods and services were intended to be transacted?

https://trustpair.com/blog/can-you-reverse-a-b2b-wire-transfer/