Subject: Fictitious Cashier’s Checks
Date: January 15, 2008
Description: Simmons First National Bank
Fictitious Cashier’s Checks of Simmons First National Bank, Pine Bluff, Arkansas
To: Chief Executive Officers of All National Banks; All State Banking Authorities; Chairman, Board of Governors of the Federal Reserve System; Chairman, Federal Deposit Insurance Corporation; Director, Office of Thrift Supervision; Conference of State Bank Supervisors; Deputy Comptrollers (districts); Assistant Deputy Comptrollers; District Counsel; and All Examining Personnel
The above-named bank has reported that fictitious cashier’s checks issued in the bank’s name but using the routing number of Citibank, 022000868 are being presented for payment nationwide in connection with various Internet purchase or overpayment schemes.
These items are fictitious, as Simmons First National Bank does not issue cashier’s checks. Checks presented to date have been made payable in varying amounts from $2,000 to $180,000 and may include a bank identifying number on the MICR line of 565501 or 565602. Due to possible variations in appearance of the bank’s official items and scams, it is suggested that officials of Simmons First National Bank be contacted to verify authenticity of any of the bank’s official items, if received from an unknown or questionable source.
Some of the fictitious instruments are being distributed as payment for properties rented via the Internet. The potential victim will receive a counterfeit check in payment of an offer advertised on the Internet; however, the amount of the check will be for a greater amount than the agreed-upon price. The potential victim is instructed to cash the check at their bank and wire the difference out of the country. Other fictitious checks are being distributed as payment for large dollar items purchased via the Internet. These transactions are targeting companies such as large equipment and truck dealers.
For additional information and guidance and to verify the authenticity of Simmons First National Bank’s official items, please contact Lulu Mitchell, Vice President, Branch Administration, 501 Main Street, Pine Bluff, AR 71601, by telephone at (870) 541-1191, by fax at (870) 850-1154, or via e-mail at [firstname.lastname@example.org].
Consumers who receive a fictitious item and associated material should file complaints with the following agencies, as appropriate:
Additional information concerning this matter that you believe should be brought to the attention of the OCC may be forwarded to:
For additional information regarding other types of financial fraud, please visit the OCC's anti-fraud resource at: http://www.occ.gov/topics/consumer-protection/fraud-resources/index-fraud-resources.html.