Counterfeit American Express Gift Cheques might be the latest form of fraudulent financial instrument circulating via the Internet. The items seen thus far are for $500.00 – note the largest denomination issued legitimately is $100.00.
If you receive one of these items – it is recommended you verify it before negotiating it. For the information to do so – link here.
Counterfeit financial instruments being used in Internet scams are nothing new. Here are some previous posts, I’ve done on this sort of activity:
In most Internet scams involving counterfeited financial instruments – a person is duped into negotiating the item and wiring the money back to the sender (scammer). If someone asks you to cash an item and wire them money – take a deep breath – and just say “no thanks.”