A scam that has targeted the accounts of Montana attorneys in recent years has resurfaced – this time with success.
Officials from Glacier Bank are aware of two recent transactions in which lawyers lost money from their operating accounts.
The scam is nearly identical to one that was detailed in an October 2015 article in the Montana Lawyer, although this is the first time the bar has learned of it being successful here. Here’s how it works:
A person claims to be from a company needing representation on a transaction or civil action. The contact person uses real names of real businesses purportedly involved in the transaction and provides details about the transaction and the parties involved. A check is sent to be deposited into the firm’s account. Shortly after the check is sent, the scammer pressures the firm that money needs to be disbursed immediately or the deal will fall through. The check will return as fictitious, and the firm will lose any money paid out from the account.
The Wyoming State Bar has learned of at least two recent cases of Wyoming firms being stung by the same scam, most recently to the tune of $250,000.
Even a small office like mine in Dillon, MT has been targeted by scammers. Luckily, I caught on quickly and stopped all communication with the scammers, although they were very persistent. Stay aware, colleagues. Kaylan