Order for 1,000 cupcakes at LA bakery turns out to be part of major counterfeit check scam

The whole "we overpaid you, please refund the money" scam is an old one. The best thing to do is set some requirements at different levels of price or complexity. If they amount is higher, you require more from the "customer" before engaging. In our clients, we basically tell them to work with their bank to set dollar amounts where an A/P staffer must escalate to an executive to send that much money or make a change to an existing supplier/vendor. The little stuff can still go through without much effort, but the loss is minimal if it's fraudulent. The larger stuff requires more scrutiny because of the higher liability.

Also, it's always good to play out the scenario or what could be the scenario. That can be difficult, though, if you aren't exposed to this stuff daily.

Good afternoon LTC Eugene Chu. Excellent post. Thank you for sharing this Sir.

LTC Eugene Chu scams can cost you more than just $$$...
"It really made me feel disheartened about humanity," said Stern, who hopes that sharing her experience can help other small business owners. "I wanted other business owners, and maybe just people in general, to be wary of scams that could happen because they can be really disruptive."