Anatomy of a Fake Check Scam

Articles to Educate You About And Learn How to Avoid 419 Scams
User avatar
Caped Crusader
Site Admin
Posts: 5892
Joined: Tue Feb 23, 2016 12:14 pm
Contact:

Anatomy of a Fake Check Scam

#1

Unread post by Caped Crusader » Mon Nov 19, 2018 2:58 am

September 5, 2018
by Colleen Tressler
Consumer Education Specialist, FTC

Fake checks drive many types of scams – like those involving phony prize wins, fake jobs, mystery shoppers, online classified ad sales, and others. In a fake check scam, a person you don’t know asks you to deposit a check – sometimes for several thousand dollars and usually for more than what you are owed – and wire some of the money back to that person. The scammers always have a good story to explain the overpayment – they’re stuck out of the country, they need you to cover taxes or fees, you need to buy supplies, or something else. But by the time your bank discovers you’ve deposited a bad check, the scammer already has the money you sent, and you’re stuck paying the rest of the check back to the bank.

The Federal Trade Commission receives tens of thousands of reports each year about fake checks. Over the last three years, the number of complaints has steadily increased, and so have the dollars lost.

The FTC’s new infographic, developed with the American Bankers Association Foundation, offers some tip-offs to rip-offs and what to do if you get a check from someone you don’t know.

Please share this information with others. Victims may be embarrassed to talk about their experiences, but you can help. A simple phone call, email or text, saying “Look what I just found” and sharing this information may make a difference in someone else’s life.
B3670134-03BF-4A63-AA63-CBADF6FFE9DE.jpeg
Want to avoid the latest rip-offs? Sign up for free consumer alerts from the FTC at ftc.gov/subscribe.

https://www.consumer.ftc.gov/blog/2018/ ... check-scam



Post Reply
Stop 419 Scams and Scammers : Disclaimer