Receivables Processing Specialist Job Scam

It amazes me how many variations of the fake check scams that are out there and how often they are sent out. Well I just received another one in my email box and I wanted to share it with you guys. I know everyone is always trying to find legitimate work at home jobs and these scams tend to appear very legit.
But the fact of the matter is they are just another scam to be avoided.  Don’t be another victim of an elaborate work from home scam. People don’t just email you randomly with job offers especially if you haven’t posted your resume online. In any event, I’ve listed the email below so you know what to look out for.

Email Subject: Receivables processing specialist – part-time position with a foreign investment company

Hello,  
I am writing to inquire if you might be interested in part-time 
employment in the field of accounting/clerical services. 
 
Our firm is a major Russian investment bank 
and asset management company, is looking for responsible and determined 
individuals to fill the specialist and associate positions within the 
Receivables department of our Transactions/Finance group in the United 
States. As a specialist or associate, you will be in charge of 
monitoring and processing funds transfers initiated by our US clients 
and reporting to the Receivables department manager in Russia. We are 
looking for numerate individuals who are also capable team-players, 
preferably with some college education and/or previous 
accounting/clerical experience. 
 
The position is entirely home-based, and no relocation is required 
from the successful candidate. This role does not involve any fixed 
working hours and is suitable for senior citizens or self-employed 
individuals. 
 
Our company is a leading Russian asset manager and investment bank 
located in Moscow (Russia) with a subsidiary office in Vilnius 
(Lithuania), and a local representative in Nicosia (Cyprus). Our 
mission is to provide investors with reduced emerging market risk and 
superior returns through broad diversification and conscious 
risk-taking. 
 
The position on offer is commission-based. Typically, you will be 
expected to dedicate up to 8 hours per week to your duties, part of 
which should be regular business hours. Your core responsibility will 
be to receive investment funds from our US clients into your 
designated bank account, reconcile the payments and obtain the 
transaction documentation from your supervisor, and transfer specified 
funds into our managed investment accounts as instructed. You will be 
in charge of contacting your bank in order to obtain transfer status 
information, confirmations and account activity reports, as well as 
handling daily communications with your bank. 
 
You will receive a flat-rate 2% commission from the gross amount of 
each transfer that is remitted into your designated account (for 
instance, if $10,000 is credited into your account, you will be 
retaining a commission of $200), plus we will cover any funds transfer 
fees. Your commission is available immediately, so there is no need to 
wait for the payroll check in the end of the month. 
 
It should be underlined that all monies that you will receive will 
come from verifiable entities within the US. The funds that you will 
handle will comprise of stake purchase at our managed funds, funds 
given into trust management and various fees that are charged on our 
clients. You will receive funds via secure electronic Wire transfer 
used by major US banks for funds and securities settlement. This means 
that no funds will be deposited into your account unless the 
transaction is reviewed and confirmed both by the remitting and 
recipient banks. Thus, there is no risk on your end. You will never be 
required to cash a check, make a remittance before the funds are 
cleared into your account or engage in any other financially risky 
activity. 
 
It should also be understood that being a foreign entity, EncoTrust 
is not subject to the US IRS supervision. You will be the sole person 
liable for reporting the commissions that you receive as your personal 
or business income. 
 
In order to qualify for the position, you must be a permanent US 
resident aged 21 and above and have an existing personal/business 
banking relationship with a US bank. Since most communication with 
your supervisor will be via email/fax/phone, you should have access to 
these facilities and be reachable during regular business hours. 
Business owners utilizing business bank accounts will be subject to 
higher receivables turnover, and thus, higher commissions. 
 
To apply for this position and for more information on our company, 
please fax your resume and (optionally) cover letter to: 
(267) 316-5784. Don’t forget to inclued our email address. 
 
Please note that only applicants under serious consideration will be 
contacted.

What a big scam!

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