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How to Detect and Prevent Money Scams
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Transcript of How to Detect and Prevent Money Scams
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How to Detect and Prevent Money Scams:
Practical Tips and Ethical Responsibilities
Amber Hollister – Oregon State BarBeverly Michaelis – Professional Liability Fund
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The Overseas E-mail Solicitation
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The Out-of-State Lawyer
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The Web Site Contact Form
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Tell-Tale Signs of a Scam
1. Not specifically addressed
2. Short on details
3. Outside your practice area
4. Sender unknown
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Tell-Tale Signs of a Scam
5. Originates from free service
6. Documents too simple
7. Inconsistent information
8. Pirated graphics
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You Might Fall for a Scam If …
“I found you in a legal directory”
“Lawyer referral gave me your name”
The parties are in Oregon
Your concerns are placated
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The Client Impersonator
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The Scam Caller
I’m sorry but your bar card has expired and your membership dues must be paid immediately.
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DO NOT1. Accept excuses regarding e-mail
2. Believe in miracle debt payments
3. Wire proceeds
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Verify facts
Reserve the right to hold funds
Wait for funds to clear
Understand banking practices
DO
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Check Web site analytics
Call the Bar or PLF
Protect your information
Know how to spot counterfeit checks
DO
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o www.scamwarners.com
o http://lawyerscam.blogpost.com
o www.oregonconsumer.gov
o http://www.doj.state.or.us/consumer/pdf/consumer_protection_brochure.pdf
DO MONITOR SCAM SITES
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YES Deposit to Account of Payee
Bank of OregonFor Deposit OnlyJane AttorneyAccount 233-56678
NO
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Avoiding Counterfeit Checks
Words and numbers match
Account number is not shiny
Signature not traced
Check is not altered in any way
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Ethics Q & A
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Disbursing Uncollected Funds
Duty to safeguard
Overdraft notification
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Verifying the Story
Do I need client consent to disclose the facts?
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Lost IOLTA Checks
1. Duty to safeguard client property
2. Who pays the fee?
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Help! My new client wants to wire funds into my IOLTA account…
Receiving Wire Transfers
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If Client Funds are Taken…
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Duty of Confidentiality
Lawyer-client relationship
Report to law enforcement
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Federal Trade Commission www.ftc.gov
Internet Crime Complaint Centerwww.ic3.gov
National Fraud Information Center www.fraud.org
Reporting Scams
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