ABA Warning

Is nothing sacred? Whatever has become of professional courtesy?

I don't see how banks can afford to let this continue. In this case the bank could get the money back from the law firm, but what if the depositor of the $500k fake cashiers check sent the money to an accomplice instead of to the scammers, and then disappeared. Then the bank would be out the $500k for having accepted the fake check. It seems like verifying the authenticity of cashiers checks over $50k would be simple and routine.

I'm not an ABA member, either. They can kiss my squirrel before they'll get any money out of me.

Pretty old news, but that's what I expect from the ABA and the FBI.

However, years ago, I spent some time working for a firm that handled call-in group legal questions. It astonished me how often attorneys in the firm could not spot scam setups in the questions they received.

Gee, don't lawyer know everything?

That's supposed to be lawyers and you would be surprised how many highly educated people get sucked in by these things.

These scams only work on greedy people....

I'm normally in the "greed is good" camp, but when someone says "cash this $500k check, take $20k for your trouble and wire me the rest", an intelligent person puts his greed on hold and engages his brain.