SOUTH BEND, Ind. – Police believe 11 check fraud cases involving Teachers CU at the end of the year may have been part of an organized scam including several people.
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The incidents occurred from late October to December.
In at least one of the cases, according to a police report, someone opened an account and asked for starter checks. That person would then, in turn, write themselves a check for various amounts and deposit it in the account via an ATM and withdraw against the fraudulent deposit, police said.
“We routinely file fraud reports with the police department,” said Robert Shula, director of public relations for Teachers said in a statement. “All financial institutions file these reports.”
