NEWARK, N.J. — A New Jersey collections firm that lost nearly $100,000 in a phony-check scam will not be able to recoup the money from its own bank.
Morris County, N.J., Superior Court Judge W. Hunt Dumont ruled that Levitan & Frieland was to blame for the loss because it processed a check through a real estate trust account that allowed it expedited access to the funds before learning the check was counterfeit.
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