In an age when many products sell in cyberspace and the buyer and seller never meet, creative crooks are finding new ways to defraud businesses — especially web-based businesses and individuals selling items through online platforms.
One scheme involves counterfeit versions of a time-honored currency – the cashier’s check.
Scammers commit cashier’s check fraud using an authentic-looking cashier’s check to buy a product. The seller deposits the check and her account is charged for the amount when the check bounces back to the bank as a fake. Continue reading