My name is Shawn Mosch, and I am the Co-Founder of the website ScamVictimsUnited.com which was established in 2003, after my husband and I became victims of a counterfeit cashier's check scam. This experience inspired us raise awareness and educate others about scams to prevent further victimization. Our site provides resources and support for scam victims, along with education on current scams. The Consumer Federation of America released the results of a survey in May 2009 which relates directly to information we at Scam Victims United work to educate people about. They found that fifty-nine percent of the respondents incorrectly believe that when you deposit a check or money order, your bank confirms that it is good before allowing you to withdraw the money. The number goes up to 70 percent among young adults age 18-24, and 71 percent of people with incomes under $25,000 and who did not complete high school. More than 40 percent of those surveyed do not know that they are liable if the checks or money orders they deposit or cash are counterfeit. Fifty-two percent age 18-24 and half of Hispanics incorrectly said the person who gave you the check must pay the bank back. This is precisely the type of information that we at Scam Victims United work to educate people about. As you can see by the results of this survey, there is a great need for education in the area of banking terminology and the check clearing process. One of the major reasons that counterfeit cashier's check scams work so well is that when a bank customer hears the terms "the check is clear" or that it will be "verified in 24 hours" it gives them a false sense of security that the check is legitimate and that they can use the money with no repercussions.