Check Fraud

Check Fraud

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What Is Check Fraud?

The criminal act involving unlawful usage of bank checks it illegally obtain or borrow money that doesn't truly exist in the account. Check fraud is one of the biggest challenges businesses and financial institutions face today. With modern technology and the internet it has become easier for criminals to alter checks and checking accounts for deception.

Types Of Check Fraud

Check fraud can occur in many different ways, listed below are some examples of check fraud:

Check Fraud By Means Of Check Forgery

Businesses typically experience check fraud by means of an employee issuing a check or checks without any authorization. Check forgery can also occur when someone steals a check, endorses it and presents it for payment, usually using false personal identification.

Check Fraud By Means Of Check Kiting

Check kiting is the illegal act of opening a checking accounts at multiple financial institutions and taking advantage of the 'float time' of available funds to create false balances. Checks are then written for amounts greater than the balance in the account. Then a check is written to cover those fraudulent checks from the other account, also with insufficient funds, this second check serves to cover the non-existent funds in the first account. The intention of check kiting is to fraudulently create funds of a checking account balance.

Check Fraud By Means Of Forgery

Check forgery is the act of illegally making or altering a check with the intention of fraud or deceit. This can occur in businesses when an employee issues a check without proper authorization, when someone steals a check, endorses it to themselves then cashes it at a bank or retail store, typically using false identification.

Check Fraud By Means Of Counterfeiting

Counterfeiting is when someone completely fabricates a check or duplicates a check. Check counterfeiting can be done using computer desktop publishing software, with high end color photocopiers or a printing press.

Check Fraud By Means Of Paper Hanging

Paper Hanging is when someone either intentially writes checks closed accounts or ordering checks on closed accounts. Paper hanging check fraud can be done either on their criminals checking account(s) or one that belonged to others.

Check Fraud By Means Of Alteration

Check alteration is done using chemicals or solvents to modify and / or modify information or handwriting on a check. This can be done to chance routing numbers, the name who the check is written out to or the amount of the check. depending on where the check has been altered, for instance on the payee's name or the amount, it is refered to as spot alteration. When all the information is erased it is refered to as check washing.

How To File A Stolen Property Police Report

The first step in any occurrence of theft is to report the incident to the police immediately. This helps you recover the stolen item if it gets confiscated and helps with an insurance claim process on the account an official police report is required to file a claim.

Here are the general steps to file a police report:

  1. Call the non-emergency phone number for the local police station or law enforcement agency where the item was stolen.
  2. Obtain the physical address and go to the police station or law enforcement agency.
  3. Once there, go to the stolen property department if applicable.
  4. While creating a stolen property police report it's important to provide the theft detective or clerk with as many details as possible, especially the item's serial number, any identifying marks or stickers. Also include when, where and how the item was stolen.
  5. Once you have completed the report, be sure to obtain a copy and retain it for follow-up and recovery.

It's important to file a police report for theft, no matter how big, small or valuable the stolen item is, because it helps the police know a thief's (or thieves) M.O. and to control theft by using crime data to increase patrol in areas with a high or rising crime rate. Sometimes an area's theft rate can skyrocket because people don't report theft incidents because the stolen item isn't of high monetary value. This is called petty theft and is how a petty thief can continue stealing because the police are not made aware of their activity.

How To Report A Stolen Property Online

Get the world on your case! Here are the steps to create an online Stolen Property report for free:

  1. If not yet registered, click the "Register" link at the top right-hand side of the page or click the "Report" button at page top.
  2. Enter your information and click the "Register" button.
  3. Open the email account used for registration, open the verification email and click the link in the email body or copy and paste it in your browser address bar and press the "Enter" or "Return" key.
  4. Log in to the Stolen Lost Found Online website
  5. Click the "Report" link in the main navigation bar or the "Report" button at page top.
  6. Select the appropriate category.
  7. Select the appropriate sub-category.
  8. Select to post as Stolen.
  9. Enter as much information about the Stolen Property as possible - the make, model and serial number are especially important. Also helpful are any identifying marks and photos if available.
  10. Click the "Submit" button.

That's it. Once the Stolen Property report is submitted it will post on Stolen Lost Found Online immediately and will appear on the search engines within a day. By reporting online you literally make a world of difference for recovering your Stolen Property, long into the future.

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Check Fraud Conclusion

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