Don't Bank on It! Counterfeit Check Fraud 101

Despite the spectacular decline in check usage over the past 10 years, counterfeit check scams are on the rise. Perhaps the most notorious of these scams is the "Nigerian check scam."

This timely and extremely interesting program, led by attorney Morgan R. McCord, will examine the regulatory underpinnings of this scam (as well as others) and the common tactics fraudsters use to lure their victims, which - increasingly and surprisingly - are lawyers. This program will review the Uniform Commercial Code's liability scheme for claims arising from these scams and analyze judicial decisions addressing liability.

Learning Objectives:

1. Identify "funds availability"
2. Discuss the regulatory framework underpinning counterfeit check scams
3. Recognize the classic signs of a counterfeit check scam
4. Break down the UCC's liability scheme