Wednesday, August 3, 2011
A posting on the Texas Bar blog describes a number of scams that lawyers should watch out for. At the moment, lawyers have posted 31 comments describing their encounters with aspiring scammers—worth reading. Here’s the big message:
Texas attorneys should be extra-vigilant regarding potential scams involving fraudulent checks or wire transfers. These scams are increasing in sophistication, sometimes involving innocent third parties who seek legal services at the request of a scam artist.
The bottom line is this: Never issue a check from a trust account until deposited funds have been collected.
Again, be vigilant and do not disburse funds from your accounts until underlying funds have cleared your bank (and not simply been made “available”).