How Do Prosecutors Handle Check Kiting

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What Is Check Kiting? The Defenses? The Punishment ...

    https://www.greghillassociates.com/what-is-check-kiting-the-defenses-the-punishment.html
    Under California state law, Penal Code § 476a is how check kiting is prosecuted. To be convicted of this, the prosecution must prove that one knowingly wrote a check knowing there were insufficient funds to cover the full amount of the check and in doing so, hoped to …

Check kiting: detection, prosecution and prevention ...

    https://www.thefreelibrary.com/Check+kiting%3A+detection,+prosecution+and+prevention.-a015139850
    Nov 01, 1993 · Put simply, check kiting is accomplished by taking advantage of the float--that is, the time required for a check deposited in one bank to be physically presented for payment at the bank on which it was drawn. Check kiting goes beyond check swapping, which involves merely exchanging checks between two or more bank accounts.

Extending the Float - Fraud Magazine

    https://www.fraud-magazine.com/article.aspx?id=4294967786
    According to the ACFE Fraud Examiners Manual, check kiting is defined as the process in which cash is recorded in more than one bank account, but in reality the cash is either nonexistent or is in transit. Kiting schemes can be perpetrated using one bank and more than one account or between several banks and different accounts.

Twelve Factors to Monitor for Check Kiting

    https://interaction-training.com/twelve-factors-to-monitor-for-check-kiting/
    The Federal Bureau of Investigation defines check-kiting as “a scheme which artificially inflates bank account balances, in accounts that are under common control, for purposes of obtaining unauthorized use of bank funds, through the systematic exchanging or swapping of checks between these accounts, in a manner which is designed to misuse the float that exists in the banking system.”

Check Kiting, Float for Purposes of Profit Bankers Online

    https://www.bankersonline.com/articles/103131
    It uses data derived from checks and bank state-ments of accounts involved in kiting schemes to prepare reports that greatly assist in creating graphical summaries of the kiting scheme. Many check loiters, when confronted with graphical summaries of their kiting activity, have opted to plead guilty rather than go to trial.

3 months ago I kiting several check for over $1000 the ...

    https://www.justanswer.com/business-law/84ls4-months-ago-kiting-several-check-1000-bank.html
    Nov 21, 2013 · Check kiting is certainly a criminal offense, and can be prosecuted at the state and federal level. Roger : The check would bounce if when it is finally presented for payment, there's not enough money in the account to cover it.

How Banks Used to Spot Check Kiting American Banker

    https://www.americanbanker.com/opinion/how-banks-used-to-spot-check-kiting
    May 24, 2013 · In effect, checks could take one day to clear among banks located in the same town, or many more days among distant banks. Time then was the pivotal element of a check-kiting scheme. Sharp bookkeepers, posting account ledgers, could spot a kite in progress, but, more often than not, the bookkeepers were not so sharp, or in too much of a hurry ...

Do banks often prosecute check kiting - Answers

    https://www.answers.com/Q/Do_banks_often_prosecute_check_kiting
    Remember the first bank to discover the check kiting scheme is the holder of the good funds. Second, prosecutors want big dollar cases, press worthy to get their names out their of how the ...

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