Lucas Downey is the co-founder of MoneyFlows, and an Investopedia Academy instructor. Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over 35 years of diverse ...

Bond washing involves selling a bond just before its coupon payment is due and repurchasing it after the coupon is paid. This practice was once used to gain tax-free capital gains but is banned in ...

With fraud on the rise throughout the country, Therese Scarlati hopes her story can prevent others from becoming victims.

With tax season underway, the Better Business Bureau serving Greater Cleveland said a growing scam is targeting people who mail checks.

When a check goes missing and reappears with a different payee and amount, the consequences can be costly. But under banking ...

LAKEWOOD RANCH, Fla. (WWSB) - More residents in Lakewood Ranch say they have been targeted in a mail theft scheme involving stolen and altered checks, and additional victims have reached out to ABC7 ...

Two Massachusetts men are headed to federal prison following a scheme that involved snatching mail from collection boxes and chemically “washing” stolen checks to drain bank accounts. Imanol ...

QUINCY (WGEM) - Check washing is a fairly simple crime, but for victims, recovering from it is anything but. Cindy Trower, a Quincy resident and a local business owner, had a company check washed ...

Therese Scarlati said she sent a $165 check to her insurance company. Her husband wrote this $64 check for the water bill — both mailed on the same day, yet somehow the amounts were both changed.

QUINCY, Ill. - Officials with the Quincy Police Department say they are investigating after numerous residents have reported instances of altered or “washed” checks. Police said in a press release ...

In March 1783 Gen. George Washington put down a conspiracy among some of his officers who wanted to mutiny against Congress. During the War of Independence, he agreed with his officers’ discontent ...

WARREN, Ohio (WKBN) – Reports of theft called check washing have increased in the Valley, and recently, a man in Warren reported that his $63.72 check sent to his credit card company was stolen from ...