Georgia Attorneys Title Guaranty Fund

Underwriting Bulletin No. 91

March 19, 2003

SUBJECT: Counterfeit Official Checks and Money Orders - United California Bank, Los Angeles, California, and counterfeit bank money orders drawn on Warren Five Cents Savings Bank (Warren Bank)
Attached is a copy of the First American Home Office National Bulletin 139 regarding the above subject matter. Please distribute to all appropriate personnel in your office.

Please contact the Underwriting Department at the Georgia State Office at 800-328-2642 or 404-250-1604 if you have any questions.

Case No: HONA 139
Filed: 02-18-2003
Name: Counterfeit Official Checks and Money Orders
Written By: Richard Flory

FDIC memo # "FIL-91-2002, August 16, 2002" – “Counterfeit Official Checks and Money Orders.”

The Federal Deposit Insurance Corporation (FDIC) has learned that counterfeit official checks drawn on United California Bank, Los Angeles, California, and counterfeit bank money orders drawn on Warren Five Cents Savings Bank (Warren Bank), Peabody, Massachusetts, are in circulation.

Attached for your information is a copy of one of the United California Bank’s legitimate official checks and a copy of one of the counterfeit instruments. The bank’s legitimate official checks are marked “Issued by Integrated Payment Systems, Inc., Englewood, Colorado.” The counterfeit items are marked “Issued by Integrated Payment Systems, Englewood, CT.” Financial institutions can confirm the validity of money orders or checks marked “Issued by Integrated Payment Systems, Inc., Englewood, Colorado,” by calling 1-800-223-7520 and following the guided menu. Any information you have concerning this matter should be brought to the attention of:

Ms. Deborah Mendoza
United California Bank
Los Angeles, California
Telephone: (323) 727-3087
Fax: (323) 727-3056

Also attached for your information is a copy of one of Warren Bank’s legitimate money orders and a copy of one of the counterfeit instruments. Any information you have concerning this matter should be brought to the attention of:

Ms. Sue Levine Wanka
Vice President/Security Officer
Warren Bank
175 Cabot Street
Beverly, Massachusetts 01915
Telephone: (978) 524-2003
Fax: (978) 524-2071

Information concerning these instruments also may be forwarded to the FDIC’s Special Activities Section, 550 17th Street, NW, Room F-6012, Washington, DC 20429, or transmitted electronically to alert@fdic.gov.

For your reference, all FDIC Financial Institution Letters published since January of 1995 may be found on the FDIC’s Web site at http://www.fdic.gov under “Newsroom, Events & FOIA.” To learn how to automatically receive FDIC Financial Institution Letters through e-mail, please visit http://www.fdic.gov/news/news/announcements/index.html.

If you have any questions, please feel free to contact any of us in the Underwriting Department.

Printable version: ub91.pdf*

Return to Underwriting Bulletins Index.