Qchex

Rumor on the streets has it that Auction Fraud, often done on E-Bay, Craig's List etc. has a new twist. Dupes, or Fraudsters pretending to be Dupes are taking advantage of a new service called "Qchex". Listed below is the "Qchex" security policy:


"Qchex provides one of the world's most popular ways for anyone to present checks and invoices over the Internet. The speed, economy and attractive features and capabilities benefit almost everybody, from personal users making an occasional transaction on an auction site, to large companies handling volumes of checking and invoicing transactions every day. As a convenient online finance manager and check/bill delivery service Qchex does not endorse, guarantee, verify or investigate transactions undertaken by its Members. "

Fraudulent items from Qchex are being passed at Banks and Check Cashing Stores throughout the United States.

Note the "Qchex" disclaimer, which states that they do not endorse, guarantee, verify or investigate transactions undertaken by its Members.

Of note, I was told by a person employed to investigate fraud that "Qchex" will not return his calls regarding certain items he is investigating.

I would recommend verifying everything before accepting one of these items, or depositing it into one of your accounts. You can view their website at http://www.qchex.com. Note the availability of "magnetic ink" cartidges intended for home use. In the past this was very difficult to accomplish and one of the key signals of a counterfeit was that the check didn't have it. Not anymore, I suppose.