Back to Homepage

Back Home!Login to your e-bank account!Login to your Business e-Banking account!Need to contact us?


Running low on checks?  Click to re-order!

BSB Information
  • Our Mission
  • Branch Locations
  • ATM Locations
  • Repos For Sale
  • Houses For Sale
  • Touch-Tone Banking
  • History of BSB
  • Directors
  • Disclosures
  • Current Rates
  • Calculators
  • Elan Visa Cards
  • Login to E-Banking
  • Our Communities
  • Local Schools
  • Local Government
  • Local Events
  • Employment
  • Join Our Team
  • Other Information
  • Privacy Policy
  • Support
  • Links
  • Press / News

            Follow Us on Facebook
    Beware of Scams, Fraudulent Checks and Money Orders - Local Article - (added 2-18-05)

    By Andrea McCann, staff writer, Linton Daily Citizen

    Incidents of fraud are on the increase, and several area residents have been scammed.

    "It's hitting, and hitting hard, nationwide," said Lt. Det. Troy Jerrell of the Linton Police Department. "It's astronomical, and it's going to get much worse before it gets better."

    Jerrell said the big scam occurring in the Linton area fools people into believing they've won a lottery in another country, such as Costa Rica. A caller tells the victim they've won and needs to pay a specified fee to take possession of the winnings. The victim often receives a computer-generated letter notifying him of the prize, and Jerrell said the letter has an ink seal versus a pressure seal. Once the requested funds are sent, the victim never receives the promised lottery prize.

    "People want to believe they've won a lottery, but they haven't entered it," said LPD Chief Keith McDonald.

    Another scam occurs when people have items for sale in publications or on the Internet, McDonald and Jerrell said. The buyer overpays to get the item shipped quickly and tells the seller to just write a check for any extra and send it back with the item. The purchaser's check turns out to be fraudulent, and the seller ends up losing the item she had for sale and her money.

    "They're pretty good manipulators over the phone," McDonald said. "They try to get people excited about the sale. They send too much money for it and ask for a refund. They send a check that's no good, then they get money back from the seller."

    Sometimes, Jerrell said, the funds will be in the bank, so when the seller's bank checks, it appears to be OK. But, he said, the scammers are working more than one person at a time, so by the time the check gets to its destination, there's no money in the account.

    "Sometimes the account owner is another victim," Jerrell said.

    He suggested waiting two to three weeks to make sure a check clears before spending the money or sending the purchased item to the buyer.

    "If you're not doing business with somebody you know, be cautious," McDonald said. "Be skeptical until the funds clear."

    He added that money orders also are being forged.

    "They look pretty good," he said. "They're usually in small amounts.

    "The banks are aware. They're trying to stay alert."

    The chief said at least one local bank has signs at the teller windows to make customers aware of the problem.

    "If someone buys something from you, or you win money, you shouldn't have to send money," Jerrell said, emphasizing that the basis of the scams always involves the victim sending money.

    "It still boils down to: If it sounds too good to be true, it probably is."

    (courtesy of Linton Daily Citizen February 17, 2005 Edition)


      Home | Personal | Business | Touch-Tone Banking | Residential Loans | Investments | Trusts
    | eBanking | Calculators | Corporate Info | Locations | Contact Us

    Privacy Notice

    Member FDIC. Member FDIC  Equal Housing Lender Equal Housing Lender
    ©All Rights Reserved.

    Bloomfield State Bank
    48 N. Washington
    Bloomfield, IN  47424