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Special Alerts

SA-136-2007
May 23, 2007


TO: CHIEF EXECUTIVE OFFICER (also of interest to Security Officer)
SUBJECT: Counterfeit Cashier's Checks
Summary: Counterfeit cashier's checks bearing the name Capital Crossing Bank, Boston, Massachusetts, are reportedly in circulation.

Capital Crossing, a division of Lehman Brothers Bank, FSB, Boston, Massachusetts, has contacted the Federal Deposit Insurance Corporation (FDIC) to report that counterfeit cashier's checks bearing the institution's name are in circulation.

The counterfeit items display the routing number 011002628, which is assigned to Capital Crossing Bank. "CASHIER'S CHECK" appears inside a rectangle with rounded corners embedded within the top border. Printed below the top border and on both sides of the rectangle is the following security statement: "HOLD DOCUMENT UP TO THE LIGHT TO VIEW TRUE WATERMARK." The bank's name and address appear in the top-left corner. The bank's name is also printed above the "AUTHORIZED SIGNATURE" line in the lower-right corner. A "REMITTER" line is printed in the lower-left corner. The top and side borders have a scallop design.

Authentic checks display "LEHMAN BROTHERS BANK, FSB, BOSTON, MA" in the upper-left corner. "TREASURERS CHECK" appears near the lower-left corner above a "FOR" line. A padlock symbol and a security statement are displayed in the top-right corner. The following security statement is embedded within the bottom border: "WARNING: ORIGINAL DOCUMENT HAS LINEMARK™ LINES IN THE PAPER THAT CHANGE FROM LIGHT TO DARK IF REFLECTED TO TRANSMITTED LIGHT." In the lower-right corner are two signature lines and the following statement: "Two (2) signatures required for amounts of $100,000 or more."

Copies of a counterfeit item and an authentic check (VOID) are attached for your review. Be aware that the appearance of counterfeit items can be modified and that additional variations may be presented.

Any information you have concerning this matter should be brought to the attention of:

Renate M. Wallem
Senior Vice President
Capital Crossing, a division of Lehman Brothers Bank, FSB
101 Summer Street
Boston, Massachusetts 02110
Telephone: (617) 880-1183
Fax: (617) 880-1383
E-mail: RWallem@capitalcrossing.com

Information about counterfeit items, cyber-fraud incidents and other fraudulent activity may be forwarded to the FDIC's Cyber-Fraud and Financial Crimes Section, 550 17th Street, N.W., Room F-4004, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov. Questions related to federal deposit insurance or consumer issues should be submitted to the FDIC using an online form that can be accessed at http://www2.fdic.gov/starsmail/index.asp.

For your reference, FDIC Special Alerts may be accessed from the FDIC's website at www.fdic.gov/news/news/SpecialAlert/2007/index.html. To learn how to automatically receive FDIC Special Alerts through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Sandra L. Thompson
Director
Division of Supervision and Consumer Protection

Attachment (not available electronically)

NOTE: As a security precaution, the FDIC does not post to its Web site electronic images of fraudulent items or authentic checks that have been counterfeited. This is to avoid attempts by others to use these instruments to facilitate additional fraud. Financial institutions can view images of the fraudulent items and authentic checks (marked as VOID) using the FDIC's free, secure Web site, FDICconnect. (See more information about FDICconnect at http://www.fdic.gov/news/news/financial/2006/fil06032.html.) Printed copies of each Special Alert and its attachment(s) may also be obtained from the FDIC's Public Information Center (telephone: 1-877-275-3342 or 703-562-2200; fax: 703-562-2296; or e-mail: publicinfo@fdic.gov).

Distribution: FDIC-Supervised Banks (Commercial and Savings)




Last Updated 5/23/2007 communications@fdic.gov