Elderly mother defrauded by bounced class-action settlement check

5 articles · Updated · MarketWatch · Apr 27

The woman's son, who manages her finances, discovered the check bounced after deposit, resulting in a deduction from her account.
Experts warn this may be a fake-check scam, as such checks often mimic real ones and can fool even bank employees. Victims are advised to verify settlement administrators independently and contact their bank for clarification.
Authorities like the FTC and FDIC urge reporting suspected scams and highlight that seniors are frequent targets, though all age groups are vulnerable. Official-looking checks from unknown sources should always be treated with caution.

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