Subject: Counterfeit Financial Instruments
Date: February 20, 2003
Description: Counterfeit Cashier's Checks, Frost National Bank
Counterfeit Financial Instruments: Counterfeit Cashier's Checks, Frost National Bank
To: Chief Executive Officers of All National Banks; All State Banking Authorities; Chairman, Board of Governors of the Federal Reserve System; Chairman, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (districts); Assistant Deputy Comptrollers; District Counsel and Examining Personnel
The OCC has been advised that Counterfeit Cashier's Checks of Frost National Bank are being issued nationwide and are also being used in connection with a fraudulent overpayment type fraud. The overpayment fraud is the type where the person receiving the check is actually owed money for goods sold. The seller receives a counterfeit cashier's check in the mail from the "purchaser" in an amount in excess of the amount owed; is asked to deposit the check and wire the excess funds immediately back to the sender/purchaser; and, the deposited cashier’s check is subsequently returned as counterfeit and charged back to the seller's account.
The counterfeit checks are high quality documents containing: the bank's routing number; a copy of the bank's three horses heads logo; the facsimile signature of Rebecca Huckabee; and, are usually numbered between 12268452 and 12309856.
Any questions or information that you may have concerning this matter should be brought to the attention of:
Questions regarding this Alert may be directed to the undersigned at:
Brian C. McCormally