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Inspect the ink — fake checks often feature shiny ink used for the check, account and routing numbers at the bottom. Read the routing number — one that’s longer or shorter than nine digits ...
An overpayment scam, also known as a refund scam, is a type of confidence trick designed to prey upon victims' good faith. In the most basic form, an overpayment scam consists of a scammer claiming, falsely, to have sent a victim an excess amount of money.
Authorities are warning about scam texts that claim unpaid toll fees to access bank info. Scammers imitate legitimate toll services like FastTrak and EZdriveMA to deceive users. Avoid clicking ...
Banks reported roughly 680,000 reports of check fraud to the Financial Crimes Enforcement Network, also known as FinCEN, last year.
Check washing is the process of erasing details from checks to allow them to be rewritten, usually for criminal purposes such as fraudulent withdrawal from the victim's bank account. [ 1 ] Various steps can be taken by the writer of the check to reduce the possibility of falling victim to check washing.
The scam then becomes an advance-fee fraud or a check fraud. A wide variety of reasons can be offered for the trickster's lack of cash, but rather than just borrow the money from the victim (advance fee fraud), the con-artist normally declares that they have checks which the victim can cash on their behalf and remit the money via a non ...
Check scams are on the rise, despite an overall decline in check usage. The U.S. Treasury Department reported nearly 700,000 cases of possible check fraud in 2023.
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.