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CU System
Commonwealth CU reports bogus checks
FRANKFORT, Ky. (12/5/08)--Counterfeit cashiers checks bearing the name of Commonwealth CU are being used in various scams. The $827.8 million asset, Frankfort, Ky.-based credit union received calls from banks and credit unions in Pennsylvania, Iowa and Tennessee for verification on checks from Veridian Research drawn on the credit union. The amount of these checks is $3,590, said Gloria Thomas, Commonwealth fraud and loss prevention officer. The checks were payment for work performed from a research job to locate individuals who were entitled to uncollected (escheat) funds from the government, she said. The job was advertised in the local newspaper, and participants were instructed to call a telephone number for instructions to get started. This was followed up with a letter and the check. The scam is being run from Ontario, Canada. The address the scammers are giving is P.O. Box 978, Frankfort, KY 40622. The phone number they provided is 1-866-439-1658. The envelope has a postmark from Canada. The credit union also has received calls from Georgia for cashier’s checks in the amount of $1,998, which are part of a mystery shopping scam with a fake-check mailing. The check used carries the name and routing number of Commonwealth CU. The counterfeit checks have an incorrect logo and incorrect signatures.


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