Today's episode highlighted a type of crime called "check washing." It's a relatively simple crime involving erasing information from your check and raising the amount. And since the alterations make the check payable to someone else, check washing can have a devastating impact on your finances. The National Check Fraud Center reports that check washing takes place to the tune of $815 million dollars a year!
* Deposit your outgoing mail in blue collection boxes or at your Post Office.
* Don't leave your mail in your mailbox overnight. Just as you wouldn't leave the door to your home unlocked while you're away, neither should you allow mail to accumulate in your mail receptacle.
* And if you're going on vacation, have your mail held at the Post Office or have it picked up by a friend or neighbor.
Remember, you can be a target, but you don't have to be a victim!
Using copiers or scanners to print fake copies of a check. These are some counterfeit checks used in a recent scam.