ByMarianne Mandel says Huntington Bank has been working with BMO Bank, but after months of waiting, she has not gotten her money back.Local businesswoman Marianne Mandel said she recently lost almost $30,000 to an extreme check washing scam.
"And a small business, and that is payroll. That's, you know, bills that rent, that is insurance expenses," Mandel said. "I feel like, the BMO is the one who looks at these mobile deposits, that they should have some sort of technology in place that can read an altered check and/or a whiteout on a check, because it would blatantly wait it out," Mandel said.
The Department of Treasury has more concerning numbers, saying there has been a 385% increase in check fraud since the COVID-19 pandemic. That agency says it has implemented AI to mitigate fraud of its checks.