What is a common tactic used in cashier check fraud?

In the context of cashier check fraud, sending a check for more than the agreed price is a common tactic used by fraudsters. This scheme typically involves the perpetrator offering to buy goods or services for an amount that exceeds the actual value. The fraudster then requests that the seller deposit the check and return the difference in cash or through another payment method.

This tactic exploits the trust that individuals and businesses have in cashier checks, which are often seen as secure and guaranteed funds. The fraud becomes apparent only after the seller has acted on the instruction to refund the difference, as the bank will later determine that the original check was counterfeit or otherwise invalid. By sending a check that appears legitimate and for an amount higher than necessary, the fraudster creates an opportunity to extract money from the victim before the fraud is discovered.

Understanding this tactic highlights the importance of verification and caution when dealing with any financial transactions that involve checks, especially when the amounts do not align with expectations.