Central Bank warns public against "fake check scam"

When it comes to your money, it pays to be paranoid.

InterAksyon.com reports that the Bangko Sentral ng Pilipinas (BSP) on Wednesday "warned the public against buying fake checks being passed off as issued by the Central Bank."

 

According to the report, BSP issued the warning in reaction to reports about a scam involving people who claim to represent the central bank. The BSP employees offer checks that are suposedly worth millions of pesos, but which turn out to be fake. The BSP said it "doesn’t issue or guarantee checks and other commercial documents in the name of individuals and groups, adding that it transacts only with banks and other financial institutions that it regulates."

 

For more on this story, log on to InterAksyon.com.

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