(Reuters) - The letter, written by House Financial Services Committee
Chairman Barney Frank and fellow Massachusetts Democrat Edward
Markey, highlights concerns raised in a New York Times story in
May describing the use by fraudsters, posing as telemarketers,
of so-called "remotely created" checks.
The practice involves a call to someone who is told he or
she won a prize, but they must provide bank account information
in order to claim it. Instead of depositing a prize the
criminal drains the account using unsigned checks, also called
"demand drafts."
Read more at Reuters.com Government Filings News
Chairman Barney Frank and fellow Massachusetts Democrat Edward
Markey, highlights concerns raised in a New York Times story in
May describing the use by fraudsters, posing as telemarketers,
of so-called "remotely created" checks.
The practice involves a call to someone who is told he or
she won a prize, but they must provide bank account information
in order to claim it. Instead of depositing a prize the
criminal drains the account using unsigned checks, also called
"demand drafts."
Read more at Reuters.com Government Filings News
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