---
title: FBI Alert on Debt Collection Scheme
description: FBI warns law firms of a sophisticated debt collection scam involving fraudulent cashier’s checks. Learn how to protect your firm with essential tips to minimize losses.
---

[Banker's Compliance Consulting Blog ](https://blog.bankerscompliance.com/en)

# [FBI Alert on Debt Collection Scheme](https://blog.bankerscompliance.com/en/fbi-alert-on-debt-collection-scheme)

 Written by [Amy Kudlacek](https://blog.bankerscompliance.com/en/author/amy-kudlacek) | Oct 14, 2024 6:34:31 PM

The [FBI](https://www.fbi.gov/) has put out an [Alert ](https://www.ic3.gov/PSA/2024/PSA241008)to warn of a debt collection scheme targeting law firms.

To carry out the scam, what appears to be a legitimate creditor contacts a law firm asking for help to collect a debt. The law firm contacts the alleged debtor, who agrees to pay and sends the law firm what appears to be a valid cashier’s check. However, after the law firm deposits the check and wires the money to the “creditor”, the cashier’s check is found to be fraudulent and the money, of course, is gone.

The Alert touches on some variations of the scheme as well but the FBI warns that this scam continues to evolve. Tips to minimize losses, such as delaying funds and two-step verification procedures, are also provided.

Be sure to keep an eye out for this or similar activity at your institution.

Published  
2024/10/14

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