Definition Edit

Check scam(s)

take many forms, such as work from home schemes and Internet auction overpayment scams. The common thread however is that an unsuspecting victim deposits a check or money order into their bank account then wires a portion of the money to a criminal. By the time the check is confirmed as counterfeit the money has already been wired and picked up by the criminal, leaving the victim without recourse for retrieving the funds they wired.[1]

References Edit

  1. Bank of America, Privacy Policy Glossary (full-text).

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