What to do if I sent a cashier’s check to a company that has since closed its doors and been labeled a ponzi scheme by the SEC?

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What to do if I sent a cashier’s check to a company that has since closed its doors and been labeled a ponzi scheme by the SEC?

The check has not been cashed, it has been over 60 days and at the end of this month is the 90 day mark. My bank has advised me to get legal council on this matter. What recourse do I have in this case with a $4000 outstanding cashiers check that is uncashed sent to a fraudulant company. The check is still out there but I have no idea where. They have setup a recievership process and froze current assets but my check has not been cashed and I would like to get my money back if their is a legal way. I would like to get my bank to take action.

Asked on October 14, 2012 under General Practice, Illinois

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

The best way to deal with the $4,000 cashiers check that you have written about that you bought is to go to your bank where you acquired it and do the paper work necessary to immediately cancel and void out this check. Your bank can do such. Keep a copy of all paper work you receive from your bank cancelling out this check.


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