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October 21, 2023, 4:40 AM
October isn’t even over yet and already fraud and scams have cost Prince George’s County, Maryland, residents and businesses more than $10 million.
With the holiday shopping season almost upon us, there’s concern that the number will go up even more.
“Because of their large balance sheets, businesses are at even a greater risk for financial fraud than citizens would be,” said Lt. Joseph Bellino, who leads the Prince George’s County Police Department’s Financial Crimes unit.
“We’ve seen that with the transition of mobile banking and our kind of move to the digital age when it comes to the banking system. We found that financial tsunami … that local businesses are being targeted more and more frequently with financial fraud.”
Different businesses are targeted by different groups of criminals, with different methods.
“The most prevalent is mail fraud and check fraud. Any time that businesses are paying employees or paying partner businesses, their checks are being intercepted in the mail system,” Bellino said, who advised to never drop a check off inside a blue mailbox. Instead, take it inside the post office.
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