AP Now Episode 41: Mary Schaeffer with Lynn Larson on Frauds both Old and New

This episode focuses both on an old fraud that unfortunately is still rampant and a new one that AP Now anticipates will occur. Both have ramifications for both your personal life as well as your business. The episode begins with host Mary Schaeffer and guest, Recharged Education’s Lynn Larson discussing how letting down your fraud protection guard even for one minute can have disastrous consequences.

Lynn Larson shared with Mary Schaeffer how recently, even though she knew better, she placed a check in her mailbox and put the flag up to alert the postman. It was late in the day, both she and her husband were home, and she thought, “it’s only a short period of time, how likely is it that someone would steal the check?” Alas, as it turned out, quite likely. About an hour after putting the check in the mailbox, she got a call from a very-alert banker who had that very same check in her hands. Someone had taken the check and was trying to cash it. The speakers reiterated not only the importance of not putting checks in the mailbox but in the corporate world, not taking checks to the mailroom until right before the mail is going to the post office.

They then turned their attention to a more current practice that could cause all sorts of trouble in the next few years: the way you write the year when you date checks and other legal documents. The correct way to date the check was explained as well as the reasons why.

Host: Mary Schaeffer (https://www.ap-now.com/)

Sponsor: Stampli (https://www.stampli.com/apnow/)

Guest: Lynn Larson (https://www.recharged-education.com/)

Credit: Music: https://www.purple-planet.com