IRVINGTON, New Jersey (WABC) — We have all seen what a huge problem check fraud has become with banks cracking down, trying to combat check washing, and people stealing checks.
But what happens when you are a legit business owner, you get paid by another company, and even though the check clears your account gets frozen for the suspicion of fraud and you can’t get it “unfrozen.”
This frozen check had a snowball effect. A family-owned contracting company in New Jersey deposited $23,000 they couldn’t use. So, the business had to turn down work.
In construction, you need to get paid to get supplies for the next job. You have to pay your workers, but there were no new jobs because their funds were in the freezer.
“You could look at it on your phone all day, it looks good on your phone but you can’t touch it,” said Andre Lockhart, business owner.
Andre and …