Cashier’s checks are generally considered much safer than personal checks, since they are issued by financial institutions that have already verified the existence of sufficient funds.
Personal checks can “bounce” when there are insufficient funds in the check writer’s account; cashier’s checks do not bounce.
The counterfeits are generally of excellent quality and may even fool the bank initially.
servicemen, routinely serving in Iraq or Afghanistan.
The scams include asking the victim to send money, often thousands of dollars at a time, to a third party address so the phone or laptop can be purchased for the Soldier.
The consumer is offered a large sum to deposit, so the refund check seems to be covered.
In order to avoid detection by the fraud department of Western Union, the scammers are now asking that the larger amounts be sent in two or more smaller transfers.
Under some state laws, the bank may be considered the actual victim of the crime, while the citizen is may be viewed as the perpetrator for passing the counterfeit check.
Adding further to the deviousness of the scheme is the fact that the criminal does not ask for an advance fee. a,,cve even seen instances where the perpetrators are asking the victims for money to Aca,! Many of these cases have a distinct pattern to them, explained Grey. from the Army or help pay for their flight home so they can leave the war zone, Aca,! Army CID is warning people to be very suspicious if they begin a relationship on the internet with someone claiming to be an American Soldier and within a matter of weeks, the alleged Soldier is asking for money or marriage. The buyer then says that he or she can only send a cashier’s check for an amount greater than the price of the item, and asks the seller to mail back a check for the difference. The unsuspecting victim sends the buyer the difference and only later finds out the cashier’s check was counterfeit.What makes this plot work is that most people place great confidence in cashier’s checks.While there has been a huge increase in the use of counterfeit cashier's checks by Nigerians in the later part of 2003, this article clearly indicates it has taken a while to perfect this online scam.