question about EMT scams
No doubt that apart from this scam, there are numerous others out there.
My question is why is the money unrecoverable? Since e-transfers go thru the major Canadian banks, it shouldn't be difficult to check which account the funds went into.
Futhermore, I've also heard of scams which worked the other way around. The way it works is the scammer would purchase some item from the victim by EMT and then cancels (or reverses) the EMT after taking physical possession of the item. Another variation is a currency exchange where the victim receives the EMT first and then hands over physical cash to the scammer who then cancels (or reverses) the EMT afterwards.
So that leads to my second question. Which is why scammers are able to cancel or reverse an EMT while victims are unable to?