All posts in Seth Gilkes

3 Jun 2016

How to Identify Fraudulent Checks

By: Seth Gilkes, CPA, CCIM Although checks are used and accepted far less than they used to, even their limited use provides criminals the opportunity to pay for things or obtain cash using fraudulent or counterfeit checks. Computer technology enables criminals to reproduce authentic looking checks. Other times, a criminal may obtain real checks and alter them to avoid being caught once a bank tries to process it. If you cash or deposit a phony check, you’ll likely be on the hook for the amount. Warnings signs of phony checks include: