Work at home Rep. Wanted (how does this scam work?)

The sad thing is, this seems to have been sent from The Johns Hopkins Medical Institute.

(I guess this should have been posted in the Employment scams forum)
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Received: from gateout1.jhsph.edu ([162.129.40.250]) by toip17.srvr.bell.ca
Received: from mdhy0pcashub01.sph.ad.jhsph.edu ([10.253.10.176]) by gateway1.jhsph.edu
Received: from EXCH-VN01.sph.ad.jhsph.edu ([10.253.10.174]) by mdhy0pcashub01.sph.ad.jhsph.edu
From: "Joseph, Hope M." <[email protected]>
Date: Sat, 31 Jul 2010 09:28:06 -0400
Return-Path: [email protected]
Subject: REP. WANTED

This email is to inform you that the Bella Circuit Company located in the United states,China & the UK are currently advertising the vacant position of its regional representative in Canada and the United States.

The representative will be employed immediately to work for the company once we confirm the applicant (s) qualification and the National status in Canada and the United states.

The major role of the representative shall be collection of the necessary documents from our customer's for the supplies of products and collection of payments from our numerous customers in Canada and the United States. The Representative will be remitting the funds directly to the company as directed by the Regional General Manager in the United States.To apply for this Job,do contact our Regional Manager with the below contact details.

Mr.Frank Cranford.
email: ( [email protected] )

SALARY:The Representative will be paid every two(2)weeks and will also be receiving the 5% of the total funds remitted by our customers,this is accordance with the Companies policies until we open our office location in Canada.

Regards,
Joseph Hope.
Bella Circuit Group

I moved this to the employment forum for you

This is a fake check scam. When you are offered this job (and everyone is offered the job as there really are no qualifications) you will receive "payments" from "customers" most likely in the form of checks or certified checks. You will be told to deposit the checks into your account, and when they "clear" send 95% of the total to your "employer," keeping 5% as a commission.

The problem is that the checks are fake. Most people think a check has "cleared" when the bank issues the money, but banks are required to make funds available within a certain timeframe, whether or not the check has actually cleared. The problem is, when the fake is detected, which can take weeks or even months (which can happen if the check is written on a real account and it takes the account owner a while to realize this money is being withdrawn), the bank has every right to debit your account for the total of the check, plus any fees for the bad checks (and resulting bounced checks), and they can even call the police and have you arrested for check fraud. Your scammer will be long gone, of course.

The Representative will be remitting the funds directly to the company as directed by the Regional General Manager in the United States.

It doesn't say so, but this will be via Western Union or Moneygram. Which means it's gone for good.