Law in the Marketplace: Beware the “bad check” scam
If you’re a lawyer or accountant, a client may request you to deposit in your bank account a check from a customer of your client from which the client wants you to make a payment to the client herself when a client deal closes. Your client tells you that the client’s customer will be using you as an informal escrow agent funds for money to go to the client herself in due time.
However, these requests sometimes turn out to be scams, and there are cases in which they have caused unsuspecting New Hampshire lawyers and accountants to suffer losses of hundreds of thousands of dollars. So I urge readers, if they receive these client requests, to exercise great care in handling them.
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