It is often thought that with direct deposit and electronic transfer of funds, check scams would be a thing of the past, but according to the Consumer Federation of America and the Better Business Bureau, nearly one third of adults have been approached by a scammer trying to pass off a fake check.
Cynthia Albert joins the Eyewitness Morning News with three very common check scams, including, lottery and government grant scams, mystery shopping scams, and overpayment scams.
She also points out some red flags to look for such as:
- you're told you won a lottery or received a grant for which you didn't apply
- the name on the check does not match the name of the company or individual with whom you are supposedly dealing
- you're given instructions to deposit a check into your account and promptly wire part of those funds back to the sender or to another specified company or contact
- don't be fooled by a phone call, just because a scammer is calling via phone, doesn't mean they aren't trying to rip you off.