Scammers target individuals with counterfeit checks, convincing them to deposit the checks and wire back a portion of the funds. Eventually, the bank discovers the checks are fake, leaving victims responsible for the full amount.
Exercise caution when dealing with unfamiliar individuals or businesses online, especially if they offer opportunities involving checks or wire transfers. Verify the legitimacy of any checks received by contacting the issuing bank directly.
Red flags:
- Receipt of a check for an amount higher than expected.
- Requests to deposit the check and wire back a portion of the funds.
- Overpayments or unexpected payments for goods or services.
- Pressure to act quickly or keep the transaction confidential.
Examples:
