We strongly recommend you never agree to a business deal you found through the internet, an email, or a text that sounds too good to be true.
These scams typically offer to send you a few thousand dollars. You will be asked to deposit the check in the bank and then return to the bank in a day or two to withdraw most of the money and wire it from a third-party that is not a bank. You will be told to leave a few hundred dollars from the original check in your account as payment for your services. Unfortunately the check is fraudulent and gets returned to the bank a few days after you have taken the cash out of the bank and wired it, leaving you responsible for all of the cash you withdrew. This scam can take on several scenarios including secret shopping or helping someone out of a bind.
Be aware of scammers who will pose as someone trying to help you get your $1,200 check deposited by calling or emailing you and asking you for your social security number, bank account number, or both. Neither the Treasury Department nor Verimore Bank will be calling or emailing you to ask you this type of personal information. If you receive such a call, just hang up. If you receive an email offering help, delete it.
If it sounds too good to be true, it probably is.
Corporate Account Takeover
Corporate Account Takeover is a form of corporate identity theft where a business' online credentials are stolen. Cyber thieves gain access to a business' computer system to steal confidential banking information in order to impersonate the business and send unauthorized wire and ACH transactions to accounts controlled by the thieves.
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