Alert Number: FDIC SA-261-2006
DATE: September 8, 2006
TO: Chief Executive Officer/President
SUBJECT: Counterfeit Cashier's Checks
Counterfeit cashier's checks bearing the name Pacific International Bank, Seattle, Washington, are reportedly in circulation.
Pacific International Bank, Seattle, Washington, 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 are reportedly associated with a sweepstakes scam and are accompanied by a letter from the "Investment & Trust Co." The letters state that recipients were previously notified of their winnings and should contact the claims division office to claim the winnings. The letters further state that capital gains are subject to tax based on a treaty between the United States and Europe thereby requiring recipients to return 10 percent of the winnings. .
The counterfeit items include the routing number 125008657, which is assigned to Pacific International Bank. The following security statement is embedded in the top border: "THIS DOCUMENT HAS A COLORED BACKGROUND AND MICROPRINTING. THE REVERSE SIDE INCLUDES AN ARTIFICIAL WATERMARK." In addition, the counterfeit items display a square-shaped logo and "PIBANK" in the top-left corner above the bank's address and a toll-free telephone number, which is not associated with the bank. The FDIC logo and the words "CASHIER'S CHECK" are centered at the top. The counterfeit items have two signature lines.
Authentic cashier's checks display a square logo in the upper-left corner with the bank's name shown as "PIBANK," "Pacific," "International," and "Bank" on four separate lines directly to the right of the logo. In a column to the right of the bank's name are the address and a local telephone number. "Cashiers Check" is printed in the top-right corner.
Any information you have concerning this matter should be brought to the attention of:
Vice President - Operations
Pacific International Bank
1155 North 130th Street
Seattle, Washington 98133
Telephone: (206) 306-7900
Fax: (206) 306-0501