I was in the market for a 2003 Yamaha R1 motorcycle. I found one that I wanted to purchase for $3300.00 USD. The seller wanted to use an escrow account called Escrowtm.com.
I pulled up the account and registered, and I received a confirmation by E-mail, and everything seemed fine to me.
I was instructed by Escrowtm.com to either wire the funds or send a money gram with a secret question and answer for my safety. I went to do money gram, and I was told by the clerk that there is a secret question and answer, but it would not stop anyone from collecting the money. That made me feel uncomfortable so I did the wire transfer.
Escrowtm.com said that after I completed the wire transfer it would take 6 to 10 day to confirm the money. When the buyer confirmed the money he was then to send the bike to me. Once I received the bike I was to have 5 day to be sure that it was what I was told. If it was ok then I was to tell Escrowtm.com to relese the money.
I recieved and email from the seller on June 1, saying "Ok, I will ship". Since then I cannot pull up Escrowtm.com but the seller has emailed us a couple of time to say that he was having problems and needed a few more day to ship. We have since emailed him and the escrow acct and have not received a response from either one.
I am not sure who is ripping me off or if the escrow and the seller are the same person but when I started getting suspicious I did some research. I looked through the emails I had received from Escrowtm.com and found the details of the registrant of escrowtm.com. I don't know what I can do with this info or if I can do anything to get my $3300.00 USD back. Hopefully I can at least prevent this from happening to anyone else.
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