Answers about Forgery and Fraud
Select from the following questions about forged checks, bank fraud, and fraudulent cashier's checks.
- I deposited a check/money order into my individual consumer account but the bank later told me it was fraudulent. I had already used some of the funds, and now my account is overdrawn. The bank says that I am liable for the entire amount. Is this true?
- I just received my account statement and noticed there were forged checks. When I notified the bank, it claimed the forgeries were due to my negligence. What can I do?
- There are several forged checks—all from the same person—against my account. But the bank claims that since more than 60 days have elapsed, it doesn't have to do anything. Is this true?
- My bookkeeper handled all of my business's deposits and balanced the monthly statements. He stole some checks payable to the business and forged the endorsement, which the bank honored. What can I do?
- The bank paid a check when it was obvious that the signature was not mine. Why didn't the bank catch this?
- A company sent me a check that supposedly was for lottery winnings. The company told me to cash the check and to return some of the money to cover processing fees. I deposited the check, but it turned out to be fraudulent; the bank then stated that I had to repay them. What can I do?
- I deposited several checks/money orders that were fraudulent or did not clear. The bank took the money from my checking account and then froze and/or closed my account. Can it do this?
- I cashed a check at my bank that was found to be fraudulent. Doesn't the bank have insurance to cover the loss so that I don't have to repay the bank?
- I was passed a fraudulent cashier's check. What should I do?