Oklahoma Bankers Association President Roger Beverage has alerted OBA members to a recent fraud scheme directed at law firms. According to Mr. Beverage, the scam involves fraudulent cashier's and corporate checks and "the fraudsters are upping the ante and contacting law firms with even larger checks than those used to defraud individuals." An Oklahoma law firm recently fell victim to the fraud with a loss of $300,000.

A PDF is available online at okbar.org which outlines the scheme and how to defend against it.