If you’re due a tax refund and are still reluctant to receive it by direct deposit, here’s a reason to reconsider. The Financial Crimes Enforcement Network (FinCEN) has reported a surge in check fraud schemes using the U.S. mail. Over 680,000 suspicious activity reports related to check fraud were filed in 2022, which is nearly double the number in 2021, according to FinCEN. Criminals steal and cash checks from various sources. Typically, they then use information from stolen mail to continue to exploit victims with future schemes such as credit card fraud. Victims of mail-theft check fraud should report thefts by calling the U.S. Postal Inspection Service at 1-877-876-2455.
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