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Counterfeit Money Orders

Money order fraud is particularly prevalent on auction sites such as eBay. Below is information on how these scams typically work and what you can do to prevent being a victim.

Scenario:

eBay seller-of-expensive widget receives message from successful buyer, asking if seller will overnight express the expensive widget, if buyer quickly sends a money order with extra funds for the express shipment.

The seller agrees. Money order appears quickly. Seller ships the widget immediately after receipt of the money order.

The money order is later found to be fraudulent, and the seller loses both the expensive widget and the money.

Protection:

  • Consider accepting ONLY USPS money orders, since they are more difficult to counterfeit.
  • If you accept a NON-USPS money order, call the issuing bank to make sure the document is legitimate.
  • Cash your money order, and ship only after you have the dollars in hand.

Who should I notify about fraud?

  • FTC toll free hotline: 877-FTC-HELP (877-382-4357)
  • FTC online complaint form (www.ftc.gov)
  • Internet Fraud Complaint Center (www.ifccfbi.gov/)