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Special Alerts

SA-91-2008
April 14, 2008


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Fraudulent Traveler's Checks
Summary: Fraudulent traveler's checks are reportedly in circulation.

Financial institutions have contacted the Federal Deposit Insurance Corporation (FDIC) to report that fraudulent traveler's checks bearing their routing numbers and variations of their names are in circulation.

The fraudulent items do not indicate any affiliation with a major traveler check issuer and are referred to as "TRAVELERS CHEQUES." To date, the fraudulent items have been presented in $100 denominations. The front of the items shows an American flag overlaid with the Statue of Liberty and the U.S. Capitol Building. "Support Our Freedom" is directly beneath the image. The right side of the fraudulent item includes a map of the United States. The items also state the following: "ISSUED BY FEDERAL CREDIT UNION, D.C."

The back of the fraudulent items show the amount "$100" in each of the four corners. An image of the U.S. Capitol Building is shown in the middle area. An image of an eagle in front of an American flag is on either side of the back.

Copies of counterfeit items are attached for your review. Be aware that the appearance of counterfeit items can be modified and that additional variations may be presented. Since the institutions' names used on the fraudulent items are dissimilar to the actual institution name, please provide the copy of the item to your deposit institution (but not for deposit) or to your local law enforcement.

While unrelated to the aforementioned fraudulent travelers checks, the FDIC periodically receives questions about verifying American Express travelers or gift checks. To verify the authenticity of American Express travelers or gift checks, you may contact American Express at (800) 525-7641.

Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-4004, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov. Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.

For your reference, FDIC Special Alerts may be accessed from the FDIC's website at www.fdic.gov/news/news/SpecialAlert/2008/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Sandra L. Thompson
Director
Division of Supervision and Consumer Protection

Attachment (not available electronically)

NOTE: As a security precaution, the FDIC does not post to its Web site electronic images of fraudulent items or authentic checks that have been counterfeited. This is to avoid attempts by others to use these instruments to facilitate additional fraud. Financial institutions can view images of the fraudulent items and authentic checks (marked as VOID) using the FDIC's free, secure Web site, FDICconnect. (See more information about FDICconnect at http://www.fdic.gov/news/news/financial/2006/fil06032.html.) Printed copies of each Special Alert and its attachment(s) may also be obtained from the FDIC's Public Information Center (telephone: 1-877-275-3342 or 703-562-2200; fax: 703-562-2296; or e-mail: publicinfo@fdic.gov).

Distribution: FDIC-Supervised Banks (Commercial and Savings)




Last Updated 4/14/2008 communications@fdic.gov