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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Houston Woman Loses $24K In New 'Check Cooking' Scam — How One Check Can Lead To Multiple Withdrawals

Image for representation purposes only. (Credit: brenkee/Pixabay.com)

A Houston woman lost $24,000 to check washing, which is a technique used by fraudsters where they use chemicals like nail polish remover or bleach to remove the payee's name or amount from a stolen check to replace it with their own.

Jamie Forward had dropped a check into a US Postal Service collection box. However, the payment, which was meant for a retirement account, never reached its destination but was deposited into someone else's account.

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