Posted 11/9/2010 10:57 (#1428501 - in reply to #1426188) Subject: Re: Indiana Cattle Broker bouncing checks
Texas/New Mexico Stateline
Markwright - 11/9/2010 07:38
NO real reason the large end buyers do not simply wire in the average amounts of their expected purchase BEFORE the sale. ( then balance up after...or simply roll an excess to next week"s buys ).
All fine and dandy if it works that way, but more often than not the trucks are sitting there wasting time either waiting to load or loaded and "can't leave 'till money is in the bank". Usually can't find out about money until after 12pm local time. Been there and done that more than once. A huge hassle. But you are right, it would sure take out all the options for fraud that way.
Indiana Cattle Broker bouncing checks
