Posts tagged "“money laundering scheme”"

Cyber Security Expert Sileo on Check Fraud Scams

A new check fraud scam has reached the Front Range.

It involves a sizable check that arrives in the mail that, once cashed, can make you an accomplice in a money laundering scheme.

I recently appeared on 9 News to address the concern of a suspicious viewer, Martha, who had received such a check in the mail for $2,240.00. It was drawn on the Brown-Forman Employees Credit Union of Louisville, Ky.

The check came with a set of instructions:

No. 1: Have the check cashed at your bank.

No. 2: Pay yourself $300 after cashing the check.

No. 3: Take the rest of the funds to the nearest Western Union and transfer that balance to an address in San Diego.

Posted in Fraud Detection & Prevention by Identity Theft Speaker .
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