Reported 2 days ago
Check washing is a growing form of fraud that costs Americans over $1 billion each year, where thieves steal checks from mailboxes, erase the original information, and replace it with false details before cashing them. Despite the rise of digital transactions, this method has increased since 2021, with criminals using household chemicals and leveraging dark web platforms to trade stolen checks. Victims often face significant financial losses and challenges in recovering their funds. To protect against this scam, it's advised to use secure mailing methods, regular account monitoring, and digital payment options.
Source: YAHOO