No one knows just how many consumers have been duped, but at least $117,000 of the fake cashier's checks
It appears the latest variations of the old cashier's check
scam is someone impersonating Middle Eastern royalty seeking a Florida attorney to handle the purchase of a yacht.
According to the indictment, he then mailed the cashier's checks
to cover money owed on two personal credit cards.
11) Part II of this Note provides an overview of how cashier's checks
function, details the various fraud scenarios employed by scam artists, and lists some of the reasons fraud has increased in recent years.
Wheatley's partner, Sunshine Elise Merie Simmons, 28, also of Springfield, pleaded guilty to using a cashier's check
to buy a house located at 636 S.
We have to teach the public that cashier's checks
are not as good as gold," according to Carole Byrum, fraud investigator, U.
Despite their reputation as secure, Allen said, cashier's checks
are now commonly counterfeited.
the existence of counterfeit cashier's checks
bearing the institution's name.
Frank Aparicio, 56, was arrested last month on suspicion of generating eight cashier's checks
drawn from a Princess Cruises bank account without authorization.
Such checks are covered by the same rule as cashier's checks
issued by a bank, which are also irrevocable by the donor and completed gifts when issued by the bank.
Prices range from $15 to $200; only cashier's checks
and money orders are accepted.
As part of this program, cashier's checks
are issued through HSBC Bank USA, N.
to report that counterfeit cashier's checks
bearing the institution's name are in circulation, according to an FDIC news release.
Investigators recovered $53,000 in cash and $61,440 in cashier's checks
while executing a search warrant at their home, Cosper said.
Saban made counterfeit cashier's checks
, then worked with others in cashing them and wire transferring the proceeds to another member of the conspiracy.