Travel Industry Becomes Aware of New Bank Cheque Scam; MyVillaRenters is Way Ahead of the Game.RUTLAND Rutland, county, England Rutland, county (1991 pop. 32,400), 152 sq mi (394 sq km), central England. Rutland has a rolling terrain and is a rural upland area largely devoted to tillage and pasturage. , England England, the largest and most populous portion of the United Kingdom of Great Britain and Northern Ireland (1991 pop. 46,382,050), 50,334 sq mi (130,365 sq km). It is bounded by Wales and the Irish Sea on the west and Scotland on the north. -- This week has seen the Metropolitan Police warning people selling items over the internet about a new fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. payment scam (SCSI Configured AutoMatically) A subset of Plug and Play that allows SCSI IDs to be changed by software rather than by flipping switches or changing jumpers. Both the SCSI host adapter and peripheral must support SCAM. See SCSI. - one which MyVillaRenters has been warning its property owners about for the last seven months. The scam, which is being used to target people selling items or services over the internet, has now also spread to the travel industry. Targeting individual property owners, fraudsters will pose as holidaymakers and send a cheque of far greater value than the price of the property's weekly rental. They will then arrange with the property owner to be reimbursed the extra money by electronic money transfer. However, the cheque the owners received is stolen and it can take several weeks for this to be discovered - by then the owner's refund TO REFUND. To pay back by the party who has received it, to the party who has paid it, money which ought not to have been paid. 2. On a deficiency of assets, executors and administrators cum testamento annexo, are entitled to have refunded to them legacies has already been collected. Tim Coulton, Managing Director of MyVillaRenters, comments: "The scam works by exploiting a fault in the UK payments system. Owners receive a cheque, bank it and are pleased to see the money pass into their account. It can take weeks for the banked cheque to be identified as stolen, by then the owner has reimbursed the fraudster fraudster Noun a person who commits a fraud; swindler for the phoney overpayment o·ver·pay v. o·ver·paid , o·ver·pay·ing, o·ver·pays v.tr. 1. To pay (a party) too much. 2. To pay an amount in excess of (a sum due). v.intr. To pay too much. . The owner loses out because once the cheque is identified as stolen, the bank automatically takes back the money and the owner is liable for the loss." Due to the fact that MyVillaRenters uses a debit/credit card system for payments none of its owners have fallen foul of this fraud. However, the vast majority of online holiday property rental companies require potential customers to send an email to the owners requesting availability and then a cheque to book the villa - thus leaving both customers and owners open to a huge number of problems and scams. As a result, over the last seven months MyVillaRenters has been getting tens of owners joining the company each week, after being hit by this scam when hiring their villas through agencies that don't take payment via the web, or doing it themselves. Visit www.myvillarenters.com for further information. |
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