Submitted by Pretend_Freedom_8308 t3_10q8zqf in personalfinance
Mysunsai t1_j6okoxi wrote
The bank does have to return the money.
The scammer is not the one returning the money though, the bank is. The scammer has already deposited the check in a stolen or fraudulent bank account (and/or at a check cashing location like many Walmarts), withdrawn the cash, and vanished into the ether.
This isn’t new, it’s as old as banks.
Pretend_Freedom_8308 OP t1_j6oltdo wrote
This is what I thought; it's not new but the news says these crimes are on the rise.
Everybody talks about making avoiding mailing checks, not using the big blue mail boxes, etc. but none of the stories I have seen mention anything about how to ensure the bank refunds your money they fraudulently gave away.
Viewing a single comment thread. View all comments