Two years ago, ARC Relocation first became aware of scammers trying to pass off fraudulent checks with our name on it. We take this very seriously and don’t want any of our clients to fall prey to these scams. The Better Business Bureau recently released a list of the most risky scams. Fake checks came in 2nd on the list! Recently, we learned that another one of our clients received a fake check. Fortunately they contacted us and we let them know that it was indeed a fraud.
How it Works
The scammers can easily find banking information for companies online and use that to print a fake check. For example our payment information can be found on our GSA price list. Scammers then send the recipient the check and asks them to reimburse the excess amount. Because it may take weeks to verify fake checks, scammers are long gone before a victim realizes what has happened.
The scammers always have a good story to explain the overpayment – they’re stuck out of the country, they need you to cover taxes or fees, you’ll need to buy supplies, or something else. But when the bank discovers you’ve deposited a bad check, the scammer already has the money, and you’re stuck paying the money back to the bank.
Please note we try to make all payments via ACH. In the event that a check has to be mailed out, we will never issue one and ask for any overages to be reimbursed. We would simply ask you to void the current check and issue a new one.