Thieves who go around neighborhoods targeting mailboxes with their flags up, searching for envelopes containing checks and other forms of payment, are referred to as:

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The term "flaggers" is commonly used to refer to thieves who target mailboxes with their flags up in order to steal envelopes containing checks and other forms of payment. The other choices (taggers, flagellators, grabbers) do not accurately describe this type of theft.

Thieves Who Go Around Neighborhoods Targeting Mailboxes with Their Flags