Scams on the Rise
Don’t be a victim of a scam. If it seems too good to be true, it probably is. Check scams have been on the rise and no one is immune from them. If you are looking for the next “money making” opportunity and part of the process is to send Certified funds back, STOP. “Do not pass go. Do not collect $200.00”.
The scam consists of an “opportunity” too good to be true. A check is sent to the perspective client. They are to deposit the check into their bank account and then, in return, send back certified or good funds for the majority of the initial check. Keeping a little bit for themselves. The original check, after a few days, is returned back to the depository bank as “Fraud”. The certified funds have already been sent and the client is out all of the money. These checks range in the thousands of dollars.
Any legitimate business opportunity will not require you to send back certified funds on a check that they send you.
Please be diligent when approaching new opportunities and make sure you know who you are doing business with.
Again, “If it sounds too good to be true, it probably is”.
Remember, First State Bank is always here to help and answer any questions you may have.
For more information on Consumer Protection head to https://ago.nebraska.gov/consumer_protection
Posted on Fri, September 4, 2015
by First State Bank