Once you have used the check to cover the charge, your larger prize will be released to you.
You are instructed to deposit the check and to call a number on the letter for further instructions.
Those instructions will include directions to wire the money back to the so-called sweepstakes sponsors.
A: Once the victim accepts the check for the scam and deposits it into their account, they become responsible for any losses.
Q: What can the financial consequences of check scams be?
A: Typically, the check is deposited into the victim's account and they are then asked to wire or transfer (via Western Union or Money Gram) overseas proceeds to cover miscellaneous processing or attorney fees related to the win.
If they are pressuring you with a deadline (which is usually very short) that is also a sign that the check is fraudulent. Were there grammatical errors in the letter or email notifying you of your win? The maker and the bank listed on the check might also be legitimate, but this does not mean that they actually issued that check. Also, confirm that the bank 's routing number listed on the bottom the check is the valid bank identification number.
For example, they might list Bank of America as the issuing bank, but use Wells Fargo's identification number as the routing number.