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<p>[QUOTE=&quot;Peter T Davis, post: 1744260, member: 1&quot;]I just heard a story about a new type of scam going around the Internet and can easily imagine someone trying this on CoinTalk.&nbsp; The scam involves getting the buyer to send money for the purchase to an &quot;escrow&quot; account, only the escrow company is a fake one, and from what I&#039;ve heard they&#039;ve been able to take people for hundreds of thousands of dollars.&nbsp; </p><p><br /></p><p>There are legitimate escrow services that facilitate online purchases.&nbsp; I personally have used Escrow.com on a number of occasions.&nbsp; Yes, the fees are somewhat higher than you&#039;d expect with Paypal, or wiring the money directly, but if you&#039;re dealing with a large dollar amount and someone you don&#039;t know, then a legitimate escrow service can be a life saver.&nbsp; An unknown escrow service should be a huge red flag for you.</p><p><br /></p><p>The bottom line is, be careful with your transactions, there are a lot of bad guys out there on the Internet and we are not immune here at CoinTalk.[/QUOTE]</p><p><br /></p>

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