Beware of Collection Scams

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Description: I notified the new potential client that we would attempt to collect via traditional means, and if litigation were required, we would forward the account to a collection law firm. The client thanked me for accepting the claim and attached the required debtor contact information as well as PDF copies of invoices and contracts signed by the debtor company. Everything was perfectly in order. I acknowledged receipt of the documents and indicated that later that same day we would initiate an e-mail on this commercial claim and attempt phone contact. (The client was interested in a quick resolution, as cash flow was needed as soon as possible.)Twelve days later, my office phoned advising me that a FedEx envelope had arrived addressed to my attention from a location in Brampton, Ontario, Canada. Enclosed was a cover letter from yet another investment entity, signed by an individual with whom I had not yet communicated. She asked that we confirm receipt with her office and our client's office immediately via e-mail. Attached was an official check, certified funds, drawn on The State Employees Credit Union of Maryland for $175,830.55.This fraudulent activity poses a huge risk to ACA International members. Be very cautious. The goal of the scam is for the agency to deposit the check and then remit quickly to the client. By the time the check is discovered to be fraudulent, funds have already been deposited in the client's account and immediately withdrawn. The collection office would suffer the loss of the entire amount, minus its fee.
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