Qchex

Qchex is a website that allows anyone to create checks based on any ABA number and account number. Since all it requires is a valid email address, it has been used by criminals in a number of scams.

On September 25, 2006, United States District Judge William Q. Hayes, responding to a Federal Trade Commission lawsuit alleging that Qchex's practice of e-mailing personal checks without verifying the identity of the check-writers resulted in widespread fraud, ordered the practice halted.cite news | url = http://www.msnbc.msn.com/id/14995196/ | title = Targeted in online check scam, FTC sues | author = Sullivan, Bob | publisher = MSNBC | date = 2006-09-25 | accessdate = 2006-09-25 ] The FTC said it had received over 600 complaints from consumers who say the practice was used to fraudulently withdraw money from their accounts, including using federal agencies, like the FTC itself.

Qchex's website itself advises that people register with Qchex to ensure that "no one else can set up or access your account numbers on the Qchex system."

ee also

* Internet fraud
* Fraud

References

External links

* [http://www.qchex.com/ Qchex website]
* [http://banking.about.com/od/securityandsafety/a/qchexfraud.htm What to do With Qchex Checks, Article by Justin Pritchard in About.com]
* [http://www.msnbc.msn.com/id/7914159 Easy check fraud technique draws scrutiny, Article by Bob Sullivan, MSNBC]