Uncovered a check fraud scam

Uncovered a check fraud scam (Full Version)

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Gunshow -> Uncovered a check fraud scam (4/3/2017 1:18:10 PM)
1. Should I report the details of this scam attempt? Names, addresses, banks, businesses, account numbers, etc. To whom? 2. Does anyone care to know how the check fraud scam operates? (sans any identifying details)

mnottertail -> RE: Uncovered a check fraud scam (4/3/2017 1:29:00 PM)
dude. If you got my checks there is no doubt there is a fraud, cuz they aint no good.

Gunshow -> RE: Uncovered a check fraud scam (4/3/2017 1:45:30 PM)
Thanks perv

Gunshow -> RE: Uncovered a check fraud scam (4/4/2017 1:37:22 AM)
The check fraud works by first printing a fraudulent check, even with an inkjet printer. Then it enters your hands and you deposit it. Then your bank immediately credits your account. Then you withdraw the check amount. At this point, you think it's the fraudster's money in your hands, but it's your money. The fraudster's money hasn't even entered the picture yet. The next step is to separate you from the cash, typically Western Union or Moneygram. As you walk back to the car, you start thinking hard about whether that check will clear.

DesFIP -> RE: Uncovered a check fraud scam (4/4/2017 7:16:36 PM)
Fraud is criminal. Contact your local police.

Gunshow -> RE: Uncovered a check fraud scam (4/7/2017 8:31:51 PM)
The bank is aware of the fraudulently written check. No other actual fraud occurred. But the user is still active on CS.

ResidentSadist -> RE: Uncovered a check fraud scam (4/8/2017 8:36:46 AM)
That hasn't worked for decades. Banks have an instant credit cap on check deposits of $100... and they only give you that if you have an established account with daily balances high enough to support it. Fake checks don't clear, so the scam won't work and they will take the $100 back. You can't even pull that scam off for the $100 because new accounts have a lengthy hold on all deposits for the first 90 days and they won't instant credit the $100. Back in the day . . . you could print up copies of welfare checks and check cashing places would cash them. White ink simulates the watermark well enough to pass them. It went like this, you hit as many places after 5pm until closing as you can. The checks don't register until next day during business hours. The scam was to use a real check as the master art, make fake ID and change the name, check number and amount on the check. One day, one of the crew who was a desperate drug addict stole some of the test print run of his original check (which was in his real name) without anyone knowing. He cashes about $10,000 worth of them. The fool went to prison for that one... but he didn't snitch on the crew or the print shop. Back in the day . . . you could print fake food stamps too. Have a crew, go to the food stamp office, hang out inside for a while so it looks like your crew actually stood in line to get your stamps. Then sell the fake stamps to the gangsters that wait outside for 25 cents on the dollar or more. A crew of 8 could hit several offices in one day and make a nice haul, no one goes to prison. The gangsters resell them. Those people use them in stores. When/if the state catches on, no one knows where they came from because they were passable fakes to start with. So you could do this over and over every month with the same gangsters. Back in the day . . . you could buy a valid concert ticket, then get matching blank ticket stock. Print up a bunch of fake tickets on your platen press. Concert night, have your crew scalp tickets at the entrance. You get more than their face value on concert night... and no one knows they are fake because they get you through the door. It's only when 2 people try to sit in the same seat does anyone discover it. Some forgeries were so good, the ticket agency said they couldn't tell which one was fake. Back in the day . . . you could print up complimentary meal vouchers for chain restaurants and eat for free. Back in the day . . . you could copy and print $5 bills on regular paper. Then go rob and empty out coin changer machines with them. Back in the day . . . if you saw the lights on at midnight in a print shop, they were probably doing one if the above or more. quote: ORIGINAL: Gunshow The check fraud works by first printing a fraudulent check, even with an inkjet printer. Then it enters your hands and you deposit it. Then your bank immediately credits your account. Then you withdraw the check amount. At this point, you think it's the fraudster's money in your hands, but it's your money. The fraudster's money hasn't even entered the picture yet. The next step is to separate you from the cash, typically Western Union or Moneygram. As you walk back to the car, you start thinking hard about whether that check will clear. I just don't follow your plan for some reason. The "fraudster's" money is your money because you are the one committing fraud. How can the fraudster's money not enter the picture if you somehow got cash, which won't actually happen because the check is no good. And what the hell is the Western Union or Moneygram for if you already have the money... unless it's for your family to send to prison for your commissary because you left out the fake ID and no fingerprints step?

peppermint -> RE: Uncovered a check fraud scam (4/8/2017 9:27:07 AM)
quote: ORIGINAL: Gunshow 1. Should I report the details of this scam attempt? Names, addresses, banks, businesses, account numbers, etc. To whom? 2. Does anyone care to know how the check fraud scam operates? (sans any identifying details) You obviously never get any mail on this site. Above every mail is a place to click to read about the most common online scams. Your check scam is listed at #2. So, it can be safe to say that we've all read about the scam. Law enforcement knows about the scam. It's not new as it's been around for nearly 100 years. Just for your information, here is what CC says about check scams. Scam #2 - Offers to send you money This, the second most common scam we see, has numerous variations. However, all of them revolve around the basic premise of scammer offering to send you a cashier's check for a large amount of money with the shared understanding that you will subsequently send a check back to the scammer for smaller amount. These scams are designed to appeal to your desire to get "something for nothing" and may involve a mining operation, a foreign bank, a long lost relative, or a host of other variations. The check sent by the scammer, drawn on a foreign bank, is worthless. This scam, known as the Spanish Prisoner Con, has been in use in one form or another since the 1920s.

Gunshow -> RE: Uncovered a check fraud scam (4/10/2017 2:10:43 PM)
quote: That hasn't worked for decades. Banks have an instant credit cap on check deposits of $100... and they only give you that if you have an established account with daily balances high enough to support it. Fake checks don't clear, so the scam won't work and they will take the $100 back. You can't even pull that scam off for the $100 because new accounts have a lengthy hold on all deposits for the first 90 days and they won't instant credit the $100. My balance was instantly credited upon mobile deposit. The check came back altered/fictitious about a week later, at which point my balance was deducted by the credited amount plus a returned check fee. quote: You obviously never get any mail on this site. Above every mail is a place to click to read about the most common online scams. Your check scam is listed at #2. So, it can be safe to say that we've all read about the scam. Law enforcement knows about the scam. It's not new as it's been around for nearly 100 years. Not quite true. ResidentSadist thinks this scam is impossible these days. I am reporting that there are active users running this scam. That's a different piece of information than a 10 year old page about scams someone once ran sometime ago. Law enforcement does not know about this particular scam, but yes they know about the scam in general. Thanks for your input. Signing off on this thread.

peppermint -> RE: Uncovered a check fraud scam (4/10/2017 4:06:45 PM)
quote: ORIGINAL: Gunshow My balance was instantly credited upon mobile deposit. The check came back altered/fictitious about a week later, at which point my balance was deducted by the credited amount plus a returned check fee. So you tried to get something from nothing. How not smart. There is a sucker born every day.

Gunshow -> RE: Uncovered a check fraud scam (4/10/2017 8:10:16 PM)
quote: So you tried to get something from nothing. How not smart. There is a sucker born every day. So far you have made a lot of false assertions. Good luck with your future as a mentalist.

peppermint -> RE: Uncovered a check fraud scam (4/11/2017 8:40:08 AM)
quote: ORIGINAL: Gunshow quote: So you tried to get something from nothing. How not smart. There is a sucker born every day. So far you have made a lot of false assertions. Good luck with your future as a mentalist. Hey, YOU are the one who says he cashed a check from a scammer, not me. That seems to show that you are involved with scammers.

ResidentSadist -> RE: Uncovered a check fraud scam (4/11/2017 11:33:53 AM)
quote: ORIGINAL: Gunshow quote: That hasn't worked for decades. Banks have an instant credit cap on check deposits of $100... and they only give you that if you have an established account with daily balances high enough to support it. Fake checks don't clear, so the scam won't work and they will take the $100 back. You can't even pull that scam off for the $100 because new accounts have a lengthy hold on all deposits for the first 90 days and they won't instant credit the $100. My balance was instantly credited upon mobile deposit. The check came back altered/fictitious about a week later, at which point my balance was deducted by the credited amount plus a returned check fee. quote: You obviously never get any mail on this site. Above every mail is a place to click to read about the most common online scams. Your check scam is listed at #2. So, it can be safe to say that we've all read about the scam. Law enforcement knows about the scam. It's not new as it's been around for nearly 100 years. Not quite true. ResidentSadist thinks this scam is impossible these days. I am reporting that there are active users running this scam. That's a different piece of information than a 10 year old page about scams someone once ran sometime ago. Law enforcement does not know about this particular scam, but yes they know about the scam in general. Thanks for your input. Signing off on this thread. Do you have overdraft protection? Do you have savings account at same bank? Was your cash balance larger than check deposit? What I am saying is that if you don't have the caps and the deposit hold limits I described, the bank had it covered in some other way. I have several commercial business accounts that have instant balance credit, but they are backed by corporate savings accounts. If you had tried to empty or close out savings and/or checking, you would have found a hold equal to the funds that were backing the amount of uncleared check deposits.

Gunshow -> RE: Uncovered a check fraud scam (4/11/2017 8:48:58 PM)
RS: My bank is a credit union, which may be why my balance was credited, not sure. There may also have been some hold that I was not aware of. I did not have any existing positive balances in other accounts that would cover the check. I expect that I could have gotten a cashier's check or cash the next day for the check amount. And that the later debit when the check is returned would be my responsibility, even if my balance went negative as a result. In retrospect, I wish I had not deposited the check. I suspected a scam but gave the sender the benefit of the doubt, as I could see no downside to making the deposit. The scam only works upon the subsequent withdrawal and transfer. Besides the returned check fee, there was another downside I did not anticipate: the legitimate account holder now has the burden of a fraud investigation. I figured any bad check would fail to clear for balance reasons, not stolen account numbers, if that is indeed the case here. However, any stolen account number was going to get burned anyway, and it's probably better for them that it was me: once I heard the other shoe drop regarding Moneygram, all doubt left my mind, and I called the bank that issued the check, and they gave me enough information to conclude the check was fraudulent, and they must have flagged the check in their system as a result.

ThatDizzyChick -> RE: Uncovered a check fraud scam (4/11/2017 9:43:44 PM)
quote: That hasn't worked for decades. Banks have an instant credit cap on check deposits of $100... and they only give you that if you have an established account with daily balances high enough to support it. Not so. I have a daily credit cap on withdrawing deposits of $1500. I can do that with a negative balance. I got that by never depositing a bad cheque in the 20 years I have had the account. Of course I am in Canada, and we have different banking rules.

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