Originally Posted by
sammyman
I was paid via venmo. I'm guessing they were stolen credit cards to make the purchase. Venmo can reverse payments in these instances.
The $1000 was sent after the initial $850. That's a different kind of scam. The guy was hoping to double dip on me. I haven't returned any of the money.
I'm wondering mostly about using purchase protection with Amex now that I'm 99.9% sure the ipad is stolen and the money will be reversed from venmo. The one catch was I resold the ipad, so I don't think it's covered. Thoughts?
I am also confused about the sequence of events, but since this "just happened" we may not know how it will turn out. The most confusing part is it is not clear how much you sold it for, $1850 or $850? What do you mean by double dipping? Are you saying you sold it for $850 and then he gave you another $1000 and then asked for it back?
The reason I ask is that these are important details to determine if it was a crime. Lets assume it is a crime, instead of saying he "stole it." It may be a form of fraud, which may or may not be a "theft" crime, but so far, if venmo takes back all the money you received and you end up with no money and no ipad, it is certainly a form of theft by fraud.
I dont know what Amex platinum card you have; I know of 4 types and four different policies on buyer protection, but they all seem to be consistent. You need to make a police report. If the police document it as theft, I think you are in good shape. Having read the policies (link below), the only exclusion might be the one previously mentioned regarding purchase for resale. Even if you didnt purchase it for resale, it could be interpreted as reselling would exclude coverage.
Use the search feature to find the wors "theft" and "stolen" in the following policies.
https://www.americanexpress.com/cont...-Rev-03-18.pdf