Wow. Another exciting day at TheWaterTreatmentStore. I had been out of town for nearly a week at the Association of Water Technologies Convention in Uncassvile, CT. I picked up my mail this morning and found a letter from Wells Fargo notifying me that they were about to close an account that I opened about 6 weeks ago. There was no explanation....just a phone number and a suggestion that I could talk to my local branch about it. I was at the bank for nearly an hour. The bottom line is that I opened this account to accept foreign wired money transfers for product that I would ship overseas. The risk is in giving out bank information. The same people who wired money to you can also steal money out of your account. Thus, this account has enough money in it to barely keep the account open. I had a customer in the UAE who allegedly wanted to buy 60 boxes of a product which is very unusual and would have no value to anyone with out a very specific application. Thus I was convinced that the sale was legit. The delivered price was $6621.00. The attempted to wire me $52,621.00.....clearly too much. The check was a fraud. Wells Fargo caught it and also froze my account. My guess (because, I really do not know) is that they intended to over pay me and ask me to Refund the over payment of $46,000 BEFORE anyone discovered that the check was a fraud. WOW! So now I agree that this account should be closed since it has been compromised, and permission to open another account in its place. I am not sure if this action will be approved by the bank.
Posted on: Tue, 05 Nov 2013 23:14:34 +0000
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