I've Tried That - We lose money so you don't have to!

Sometimes work at home scams could cost you more than just a few dollars. If you’re not careful, you could find yourself the victim of identity theft or even criminally charged. These types of cases are not uncommon and entirely devastating. This particular case deals with G and M Stacey, Inc. and doing business with them is just a bad, bad idea.

The Email

The unsolicited email comes from Fredrick Brugh at fredrickbrugh949@hotmail.com.

Hello,

I am Edward Sutton, a job officer of G and M Stacey, Inc. Currently we are hiring additional personnel. If you are looking for a primary income or for an extra income it should be a great opportunity for you.

First, let me tell you more about our company. G and M Stacey, Inc. were established in 1964 by George and Mary Stacey in a Denmark as a family business. They were a second generation of jewelers and we still have a hand on approach with our business. Any jewelry needs at all when you want to give a remembrance gift that comes from your heart.

Currently we are expanding to North America. As most of businesses we are working on Buy and Sell principle. It means that we can buy something from a manufacturer and sell to customer without any production teams. Our experts examined the USA domestic market and it is obvious that a great taxation system creates a best price for such kind of jewelry like a diamonds, and factory-made gold items.

It means that the same thing for example a 2.5 ct. Round diamond VG/I/VS1 w/GIA certification costs ~USD16,300 in US and ~13,000 Euro (~USD19,200) in the Denmark. So all we need to do is just to buy a diamond or gold it the States and sell it in the Europe. Yes, we are a middleman.

But most of U.S. wholesale jewelry companies (such big as Szul), doesn’t offer an international shipping. We need someone to buy the merchandise and to ship it abroad.

To prevent the further questions – you will not cash any bogus checks or fraud transactions. Also you will not spend your own money for the merchandise. You will receive Company’s funds directly to your account and buy the merchandise only when the funds will be available.

Do not hesitate to contact me though email employment@gandmstacey.com for any further information.

Edward Sutton, G and M Stacey, Inc.

The Scam

There are two lines from above that should immediately set this one off as bad news.

1. But most of U.S. wholesale jewelry companies, doesn’t offer an international shipping. We need someone to buy the merchandise and to ship it abroad.
2. You will receive Company’s funds directly to your account and buy the merchandise only when the funds will be available.

If you were to agree to work for these guys, they would deposit money into a bank account of yours and have you purchase some big ticket items and ship them overseas. The only problem is the money is either non-existent or acquired through some illegal means and now you’re spending tens of thousands of dollars of it and sending your purchases abroad. There’s no way this can end well.

There are two possible scenarios for you now. Either the money that was sent to you bounces or disappears and now you’re tens of thousands of dollars in the hole with no possible way of recovering it or the authorities come knocking and hold you liable for accepting large sums of money and sending goods overseas to potential criminals.

In addition to having you launder money/goods, these guys now have your personal and banking information leaving your identity ripe for the picking. These are not the types of people you want to have access to your private information.

Bottom line: avoid any type of “job” that has to do with you accepting money or dealing with a company’s finances. Major corporations don’t hire people from home to handle their money. It just doesn’t happen.