MACON, Ga. (10/1/13)--Members of MidSouth Community FCU, Macon, Ga., have recently been targeted in a $50,000 counterfeit check scam that could be spreading through the Southeastern U.S.
Baldwin County Sheriff's investigators have handled about a dozen cases related to the scheme in the past three weeks (Macon Telegraph Sept. 27).
MidSouth CEO/President Roy Bibb told the Macon Telegraph he doubts his credit union is the only financial institution targeted in the scam.
All counterfeit checks were traced back to an identity theft victim who has been cleared of any wrong doing.
In the scheme, fraudsters obtain account numbers and print counterfeit checks. Fraudsters use checks to purchase merchandise at big box stores such as Wal-Mart and and Lowe's, then return the merchandise for cash or selling the goods.
Authorities have released a surveillance photo of the prime suspect.
Bibb advised credit union members to carefully monitor their accounts.