In which of the following schemes does the fraudster intercept and convert a company check made payable to a third party?
A) Forged maker scheme
B) Authorized maker scheme
C) Altered payee scheme
D) Concealed check scheme

Question

Quizplus · Accepted Answer

In an altered payee scheme, the fraudster intercepts a company check made payable to a third party and alters the payee information to redirect the funds to their own account. This is a common form of check tampering fraud. Forged maker, authorized maker, and concealed check schemes are all different types of check fraud schemes that do not involve intercepting and altering a legitimate payment.

In Which of the Following Schemes Does the Fraudster Intercept