Lawyers Continue to be Targets of Scams. What is the Answer?
Lawyers continue to be targets of scams. Lawyers beware! But what is the lawyer suppose to do when Citibank confirms that the check was paid? But what is the lawyer suppose to do when Citibank confirms that the check was paid? Based on the reported facts, I can only guess that Citibank has a serious liability problem in this one.
The question is why would Citibank confirm that they paid the check when the check was counterfeit? Can't a lawyer reasonably rely on the representation of the bank? Does the lawyer need to hold onto the money for a month or more to see if it clears. What is the answer?
In this electronic age I have trouble believing that there is not a better way to confirm funds. The banks - or many of them - allow electronic depositing. Why can't the checks be electronically transmitted to the Federal Reserve and on the the banks for payment. Why does it take so long?
