Repair Your Credit Profile

The phenomenon of check cashing fraud increases in frequency every day, and authorities have a hard time curbing it. With the advancement of copy machines it is easy for a dishonest person to alter or create a check look-alike and then make copies that looks authentic. The use of counterfeit checks are seen most often in at-home businesses, on ad sites, and elsewhere through international contact made on the Internet.

When a vendor, or other unsuspecting individual, is given a check that exceeds the amount of a purchase, and they are asked to return the excess amount in cash, through a money wiring service such as Western Union, that is a clear indication that this is a circumstance of check cashing fraud. This can be advertised as a work at home job, rental, or the sale of an item or service.

Generally, until the check is deposited and the bank dishonors it as counterfeit there is no way to know it is fraudulent and by then the person is usually long gone. Since international funds often get held for a long while, you can deposit a number of checks and withdraw cash without anyone being the wiser until the week or so it takes to verify the check.

Getting the right information from those they want to defraud has become an art form to the scam artist. When a money transfer is sent, the sender provides a great deal of personal information, including bank account information, which these perpetrators can later use to fabricate false forms of identification, or empty a victim’s bank account.

As we touched on earlier, these scam artists like to utilize work at home ads to lure their prey. All too often, a con artist requests that the victim deposit a company check from another country, return 90% of it and keep their share. One is even called WalMart, INC., but is not associated with the Walmart stores most have come to know. A few other popular channels for contact include Careerbuilder.com, Gadgets Ltd., as well as Craiglist so trust nothing unless it has been checked out thoroughly.

Check fraud is the basis of a large number of scams that are now being conducted. One such scam involves individuals being informed that they are the winner, or beneficiary, of a great sum of money. They are told that a money order or cashier’s check will be sent for more than the amount they are to receive. The scammer asks them to deposit the check, take their share, and use wire transfer to return the rest.

All this does is give the scammer the personal information that you provide on your bank info through the wire transfer service, this allowing them to empty your accounts; otherwise, they may just be ripping you off for the money you take out of your account. As a result, you should use cell-registry.com/802/885/ or another telephone look-up service to investigate whatever phone number they give you and see if they’ve had a history of scamming others the same way they want to scam you.

For those who feel they are caught in an international check cashing scam, there is a unit called the World Law Direct, but they are very slow to process cases which may take many years. When all is said and done, you may never see that money again.

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