As many Americans await money from the federal government in response to the COVID-19 pandemic, criminal imposters have been sending fraudulent checks, along with using phone calls, text messages, and social media advertising in scams that use this financial relief as bait. This scam does not just apply to individuals small businesses are a target right now as well.

Here are a few things to look out for and ways to ensure that any financial aid information you receive is an official communication from the U.S. Department of the Treasury.

Beware of reports that others have already received their checks, and that additional information is required for you to receive your funds.

As of March 29, 2020, no one has received a physical check in the mail with relief funds.

The U.S. Treasury expects most Americans to receive their payments within three weeks of that date via direct deposit based on the information on file from prior tax filings.

Following those direct deposits, another few weeks are estimated before physical checks are mailed to those who do not have direct deposit currently set up with the IRS.

The IRS will never call or text to verify personal information or bank account details in order to “release” funds.

Scammers may use phone calls, text messages, email, or social media to say that you may qualify for a COVID-19 government grant and ask to verify your identity by requesting your social security number, account details, or other personal information. They may also request a small “processing fee” that will allow them access to your account.

Review any checks received for red flags:

  • Checks for extremely high dollar amounts
  • Checks for odd amounts, such as amounts containing cents
  • Checks that do not list a phone number in the accompanying letter

Click here to review the features of an official check from the U.S. Treasury.

When in doubt, you can verify a check online, call the U.S. Treasury at (800) 826-9434, or email inquiries to check.claims@fms.treas.gov.

Remember that the IRS will NEVER:

  • Demand payment over the phone.
  • Try to collect past payments without mailing a bill first.
  • Threaten arrest or law enforcement action for failure to pay.
  • Demand payment without appealing the amount owed.
  • Ask for debit or credit card information over the phone.
  • Request specific amounts of payment in the form of prepaid debit cards, gift cards, or wire transfers.

What if you receive a fraudulent check?

Any suspicious checks received should be reported to the FTC’s Division of Consumer and Business Education and reported to local law enforcement.

It has never been more important to stay vigilant against criminals who are taking advantage of this crisis. Click here for more information about active cyber scams and how to maintain your security.

Orion is here for you. Click here to see how we are supporting our members during COVID-19.

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