BBB Scam of the Week: Fake Check Scams

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MONROE, La. (KNOE) - Millions of fake checks worth billions of dollars circulate every year and complaints to government agencies and consumer advocacy groups have been doubling over the last three years.

Courtesy: KNOE 8 News

Here are things to keep in mind:

-Having the funds credited to a bank account does not mean the cashed check is valid.

-Cashier's checks and postal money orders can be forged. Banks must credit the account by the next day.

-The person who deposited the fake check is responsible for returning money to the bank.

-If a check is fraudulent, the company that has its name on the check is not liable as long as it has no knowledge of the fraud.