DAYTON, Ohio (WDTN)—This holiday season, protect your small business with the Better Business Bureau! BBB’s Sheri Sword joined Living Dayton featuring how Fake Checks can be a huge problem this season.
Fake check fraud is a huge problem, with complaints to government agencies and consumer advocacy groups doubling over the last three years. Millions of fake checks worth billions of dollars circulate every year.
Fake check frauds affect victims of all ages and income levels. However, the Federal Trade Commission’s Consumer Sentinel complaint database shows that the biggest age range for victims are those between 20 and 29 years old, at 21 percent of the total. By contrast, less than 10 percent of the victims were 70 or older.
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