This old-school scam has jumped 65% since 2015 and costs consumers millions

2020-02-25T20:32:49-06:00

CNBC - 2/13/2020 - Sarah O'Brien - In a world where much of consumer banking has gone high-tech, the most costly scams involve an old-school tool: checks. At about $2,000 a pop, fake-check scams cheated consumers out of more than $28 million in 2019, according to the Federal Trade Commission. That per-instance amount is more than six times the median loss on all frauds tracked by the agency. Read more @ https://www.cnbc.com/2020/02/13/this-ol ... lions.html

Statistics: Posted by McFurd — Tue Feb 25, 2020 7:32 pm

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This old-school scam has jumped 65% since 2015 and costs consumers millions