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Check Fraud Victim - Protecting Business Name

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What can a business owner do to protect their business name after a criminal has printed checks drawn off of their business and is trying to negotiate them around town? We caught the check as a fraud and closed the account. Now the customer is concerned with being reported as a company that writes bad checks.

All that can really be done is for the business owner to contact any vendors he might pay and explain that someone had created counterfeit checks on the account and a new account has been opened. Often a bank will cooperate in such an effort by supplying a letter that the business owner can freely copy to share with vendors.

First published on 11/12/07

First published on 11/12/2007

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