In today's business environment, there will always be people who will try to cheat you right under your nose. Most of these tricksters succeed in pulling their modus because most people believe that they are smart enough to smell if something is fishy or not... unfortunately, many businesses fail because of these "tricksters."
So, I'm starting a thread for people to post some of their experiences, if ever they have, with these kinds of people....
I learned this from an agent of an Electrical Distributor Company. There is a certain client who ordered large amounts of stock from 3 hardware stores. The sum total may be just over a million from these hardware stores. The client issued a post dated check (this usually happens since there is usually a 30-60 day term of payment) for each store. Each store checks the account of the client by calling the bank (which is a standard procedure). The bank said that the client's account was good and has a sufficient amount of money. So, everything is in order. The stocks were delivered at a designated place set by the client. When the time came to en cash the check, all 3 checks bounced and the client can no longer be seen.... "He can't do that, the bank says his account was good!," said one of the stores... but, the bank can't stop the client from withdrawing all his money. Can they? of course they can't....