Balack Auto

I received this e-mail and suspect its a scam, but it must be new as I couldn't find anything on it, either on this site or Google search, have you heard anything? Sounds a bit like money laundering.
----------------------------------------------------------------------------------------------------------------------------------
"Our company sells auto parts for German cars. Our office is located in Germany. Many of our clients with U.S. wages. Here in Germany, check cashing is a lengthy process. We need workers who could cash the checks and send to us.
Our American customers will send checks of payments for our services directly to our address, financial manager and under his / her name. The work of the financial manager consists of cashing checks and transferring funds to our company or our other clients. The ideal candidate must be able to: U.S. citizen or permanent resident.
Candidate must be responsible, honest and punctual.

Our US clients will be sending checks with payments for our services directly to our Financial Manager address and under his/her name. The job of financial manager consists of cashing the checks and transferring funds to our company or other our clients.

In average there will be 3-5 checks a week, each check for amount of $2.500.00-3.000.00.

The ideal candidate is :US citizen or permanent resident.

Basic skills in Internet and PC using is required.

The candidate should be responsible, honest, and punctual.

Compensation: fixed salary of $1.500.00-2.500.00 in the end of every month plus 5-10% as a fee from every check cashed. Virtually the compensation could reach up to $12.000.00 a month.

Details: The clients pay for already received services. You take your percentage daily at the time of cashing the checks. We NEVER ASK you for your bank account details. You can use your existing bank account or open a new one especially for this job.

We pay for money transferring. You do not need any money to start this job. You will NEVER be asked to buy any products or do sales. Our transfers never exceed 5000 USD. Reports are not included into IRS. Don’t worry, you wont have to pay taxes off these sums of money.

You do not break any US laws. You will be provided with detailed instructions and training if needed. No experience required.

To start working on you, we need to know.

1) Your full name
2) Address of your residence
3) Name of the bank whose services you use

The answer to our questions:

1) How many checks you are ready to handle a week?
2) How much of time by you need to cashing a check?
3) Do you have a main job?
4) How much are you willing to spend time on your work?

If you really want to work. That you will be sent to check. Answer on all questions

Copyright (C) 2010 Balack Auto All rights reserved.
Balack Auto
Balack Auto
Handwerkstraße 16
Stuttgart, Stuttgart 70566

100% scam.

There's a more complete overview in the employment scams section, but the general idea is this:

-you receive a check from the "customer" (really the scammer or an accomplice or victim who thinks he has a legitimate job printing checks.)
-you deposit the check into your account.
-In 5 days, when the check "clears" and the bank gives you the cash, you send 90% via western union to the scammer.
-days to weeks later, when the bank discovers the check was fake or was written on a stolen/phished account, the bank takes all the money back, plus fees for depositing a bad check, and if they feel like it, they call the police and have you arrested for check fraud.

The part that makes this work is that most people don't know that a check actually hasn't "cleared" just because the bank gives you the cash. By law, if the bank has not yet determined the check is a fake, they have to issue the cash to you at that time--but they still have the right to take it back at any point in time if the check is determined to be fraudulent.