Security Center > Examples of Fraud
Examples of Frauds
The agent then sends you a claim form to verify your identity. You must then return the form with your personal details, along with copies of your passport and/or driver’s license to “verify your true identity.” The fraudsters now have enough information to duplicate your identity.
In addition, in order to claim the winnings, you are required to wire funds to the fraudsters to cover the transaction, insurance, tax and legal fees associated with receiving their winnings.
The victims are required to transfer the money requested via Western Union. You are now out the funds that you have wired to the fraudsters, and the fraudsters have your personal identification to continue to commit fraud.
The buyer will “accidentally” overpay the seller, stating they “wanted to make sure there were enough funds for shipping.” The buyer will then ask the seller to deposit the check and refund the amount of the overpayment.
The seller will deposit the counterfeit check and send the overpayment to the buyer prior to the check clearing through the international banking system. The seller is out the funds equal to the overpayment. In addition, the seller could be down the value of the shipped goods if those are sent at the same time.
To protect yourself, always be careful when transacting with unknown parties. If you question the legitimacy of a buyer, talk with your branch representative to determine the best way to validate the check and funds prior to shipping any goods or providing a refund for the overpayment.
Usually there is a check included or a promise to send a check. They tell you to cash the check and complete an assignment at a major retail store.
Then they tell you to take the rest of the money that you didn't spend and send it to another mystery shopper via Western Union.
The only problem is that's not a mystery shopper, that's the scammer! The check sent to you was not legitimate, but your bank may not realize it immediately. When the check is returned as fraudulent, you become responsible for the charges. Meanwhile, you just sent money to the scammer via Western Union and you're left holding the bag.
What’s worse, if you cash a fraudulent check you may be assisting a criminal in passing a counterfeit check, money laundering or worse.
Blank checks are stolen every day from individual mail boxes, homes, businesses and even banks. Counterfeiters and scammers use these checks to create scams and frauds.
What can you do?
If you are the victim of a counterfeit check cashing scam, email the FDIC's Special Activities Section at: firstname.lastname@example.org
If you believe you may have fallen victim to this type of scam and wish to report it, please file a complaint with the U.S. government Internet Crime Complaint Center at: http://www.ic3.gov
or contact them at:
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