09/28/2009
Check Fraud Alert
The Standard has become aware that someone or a group of individuals are circulating fraudulent correspondence containing counterfeit checks appearing to be from the “Standard Life Insurance Company of New York” or “Standard Life Insurance Company.” This correspondence is a hoax. A letter accompanying the check tells the recipient that he or she has won a lottery, sweepstakes, drawing or similar event and will receive $100,000 or more.
The Standard has no affiliation with the individuals or group perpetrating this fraudulent activity. These checks are part of a check fraud scam. They are not real checks, and you should not attempt to cash the check. If you receive one or hear from friends and neighbors that they have received checks, please notify The Standard’s Special Investigations Unit at (800) 378-2387.
We are concerned about this fraudulent behavior and will continue to work closely with law enforcement agencies to ensure this activity is stopped.
How The Scam Works
The letter accompanying the check tells the recipient that he or she has won a large amount of money and to call the claim agent listed in the letter. The claim agent will instruct the recipient to cash the check enclosed with the letter and then wire a tax payment overseas in order to release the prize payment. The prize will never arrive and the recipient will have to repay their bank. These letters are mailed from Canada, England or another foreign country.
