Is it legal to transfer/wire money for a company stateside to overseas?

I responded to an add that want reps to receive money than transfer that money to an overseas bank account. The reason behind this is so the company will save money using an person to do this rather than a bank. They claim the bank charges around 14% interest and if an individual made the transfer, it would only be 5% interested. I might be a little off with the numbers, but in anycase, has anyone ever heard of such a thing? If so, is it legal or in the long run its just a scam although they are claiming to give me the money up front and that I can take a percentage of that money and put into my account for my efforts.

Anybody ever heard of such a job? Is it legit?

Answers:
I heard about the same job when I got here. I spoke with a fee different career advisors and they told me that it is actually a form of money laundrying. Yeah you get paid alot but it's legal.
Sounds like a scam, but I would ask why they would trust you(meaning anyone) with their money. Once they transfer this to you you have control of it, I bet they would want your accoutn info and then try and take money out of your account.

I would also think that no matter who is transfering the money it is going to cost the same remember it is going to all start at a bank to begin with.

Plus I saw something on 60 minutes that they send you a check and you send the money on. Then when the check bounces you are out the money. I can look for the site I read it on but you can probably just google bank cons and it may come up.
Not Legit sorry

The money you would be receiving would be stolen or through a scam like a "I have to pay too much so just send me the difference" scam.

The money the wire service sends is legit so when the original transaction bounces you are screwed and the foreign party already has their money.
This is a scam! Do not participate what so ever!

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