Sep 22, 2010
Counterfeit Cashier's Check scam
Counterfeit Cashiers Checks
Community Trust Bank counterfeit cashiers checks are in circulation and are appearing across the United States. The majority of the checks appear to be from Mystery Shop Scams. If you suspect you have received a counterfeit cashier’s check please contact Customer Support at 1-888-292-4037 or one of our local locations. Please look below to at some of the indications that you may have received a counterfeit cashier’s check.
Indications of Fraud:
You receive a letter stating you have been chosen to act as a mystery shopper. The letter includes a cashier’s check or a company business check and tells you to deposit the check. You are told to make purchases at specific stores, wire a portion of the funds and keep the remainder as payment.
You receive a check and notification that you’ve won a foreign lottery or sweepstakes. You’re told to deposit the check, representing a portion of your winnings, and wire-transfer the amount of the check back to cover the taxes or fees so you can collect your winnings. (Even if it isn’t a scam it is illegal for any US citizen collect winnings from a foreign lottery.)
You’re overpaid for an item you sold on the Internet and asked to wire-transfer back the extra dollars.
The letter arrived in a plain white envelope often originating from outside the US. Most often the postmark is from Canada but can be from another foreign country.
If you receive something that seems too good to be true.
What you can do to protect yourself
Do not respond to unsolicited offers received over the internet. You should ask yourself why you are so lucky that you were selected. These types of e-mails are generated to reach a lot of people all at once. The ones that really win are the ones that do not respond.
You should call the issuing bank to attempt to verify the validity of the cashier’s check before depositing the item, sending any merchandise, transferring funds, or spending any of the proceeds. DO NOT contact the phone number that appears on the check or the letter since that may connect you to one of the perpetrators. You should search for the banks official website to gather the contact information or alert your financial institution that you have received a check and letter in the mail instructing you to wire all or a portion of the proceeds back to another individual.