Beware of internet scams aimed at ranchers
Special rangers of the Texas and Southwestern Cattle Raisers Association (TSCRA) are warning cattle producers to take extra precautions amid a surge in scams targeting ranchers, according to the Oklahoma Farm Report.
One popular scheme over recent years is for a prospective buyer to inquire about cattle, hay or equipment that is for sale by the rancher. The buyer will send a check or cashier’s check that is more than the agreed price. The buyer will ask you to cash the check and give the extra money to someone else to pay for transportation and delivery.
The check is often counterfeit, designed to look legitimate for just long enough that it can be cashed and the money wired. Sometimes the scammer will even attempt to obtain the items before the check has finally cleared and found to be counterfeit. In either case, the victim is liable for the funds while the crook enjoys the ill-gotten proceeds.
Click or tap here to learn of more scams aimed at ranchers.