This "so called" Nigerian stuff

[newfant]

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So what was that in English LOL?



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In English, it looks like if the OP received a check from the Nigerian scammer written on the Nigerian scammer's bank account (that had no money in it), then the OP's bank wouldn't be able to get the money back after they paid the OP if the OP sent the $4500 and the go-kart to the scammer. However, if the OP received an "altered instrument" (a money order that was originally made out for $60 but that had been changed to $6000), then the OP would have breached a "transfer warranty" and would have to pay the bank back the money. At least that's my interpretation.

In any event, just be very careful when dealing with checks or money orders (especially those written on foreign banks). The bank you cash the check or money order at may be able to come after you long after you are given access to the money from the cashed check or money order.



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And in your opinion this is legitimate business practice? And I was careful.

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I don't know if it is legitimate but it appears to be legal.

A lot of regulations are written by competing special interest groups. In this instance, it looks like the lobbyists paid by the banks won out over the consumer- advocate lobbyists (if there were any).