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An example of a check, an instrument potentially used for kiting.
Check kiting or cheque kiting (see spelling differences) is a form of check fraud, involving taking advantage of the float to make use of non-existent funds in a checking or other bank account. In this way, instead of being used as a negotiable instrument, checks are misused as a form of unauthorized credit.
Checkkiting or cheque kiting (see spelling differences) is a form of check fraud, involving taking advantage of the float to make use of non-existent...
cheque is due to a kiting scheme does the bank traditionally take action. Banks have always had various methods of detecting kiting schemes and stopping...
the House Bank with no penalties. It is also sometimes known as the "check-kiting scandal." The House banking scandal ultimately involved more than 450...
proceeds of other cards. Unlike checkkiting, which is illegal under nearly all circumstances, laws against credit card kiting are not completely prohibitive...
University of Alabama Hospital. Coincidentally, Marie was arrested for checkkiting; they were written to the insurance company that insured Carol's life...
101-73, 103 Stat. 500. The bank fraud statute federally criminalizes check-kiting, check forging, non-disclosure on loan applications, diversion of funds...
The Congressional Post Office scandal was the discovery of corruption among various Congressional Post Office employees and members of the United States...
lifelong fixation on tour buses." Berg’s first fraud conviction was for a checkkiting scheme in 1987 while he was living in Portland, Oregon. Berg was convicted...
of 25 years to life under California's three-strikes law, following a check-kiting conviction. Mitchell had the Federal Bureau of Prisons ID# 22031-034...
the Tioga County Industrial Park in Owego. Weitman was sentenced for checkkiting in 2004, paid a $1 million fine and served 8 months in prison. In 2005...
aiding her third husband, Fraschilla, to purchase securities using a check-kiting scheme. She was sentenced to two years in prison, but was released after...
with a shortage of operating capital, Minkow financed his business via checkkiting, stealing and selling his grandmother's jewelry, staging break-ins at...
production of the Clark Bar in O'Hara. However, amidst accusations of a checkkiting scheme that would lead to Carlow's eventual imprisonment, he was forced...
known as "chaining", is a form of checkkiting. "Chaining" gave Hutton the use of money in both accounts until the checks cleared. In effect, Hutton was...
most serious trouble came from a checkkiting scandal that was uncovered in 1985. Hutton branches were writing checks against accounts at various regional...
$34 million judgment in 1989. Gustafson was convicted in 1983 over a checkkiting scheme involving the Tropicana, and served 40 months in prison. In 1995...
which the cheque is drawn in order to cover the cheque amount is called "kiting" or "floating" and is generally illegal in the US, but applicable laws are...
6-year-old child, and deposited checks from those accounts to withdraw at ATMs. The prosecutor described the scheme as checkkiting: "You try to get the money...
citing his battles with alcoholism. He was also being investigated for checkkiting to defraud three local banks of more than $74 million. He was charged...
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