mcgato t1_iyf9l40 wrote
Reply to comment by teethalarm in ELI5 why fraudsters like Anna Sorokin managed to deposit bad checks and immediately withdraw cash elsewhere without banks stopping it? by 6horrigoth
I was on grand jury duty and had a case like this presented. A smallish business used a courier to take checks to accounts. The courier used the account and routing info from those checks to get checks for himself. He would then pay his bills with those checks, except he would overpay. So bill for $120 would get a check for $1120. He would contact the company about the overpayment, and get a refund check from the company. We voted to indict.
teethalarm t1_iyfbzk5 wrote
That's an interesting way to do it.
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