The first type of banking fraud is check fraud. This is the action of writing checks with insufficient funds or using checks that are counterfeit. The guilty party is usually the person who signs the check, but sometimes in can be a third party or someone who merely passes the check along to someone else (“Bad Check Laws,” sec. 1). Victims can be either businesses or individuals, but the same goes for being a criminal; either party can be considered guilty in a situation. Technology today enhances the chances of check fraud or any fraud, actually.
Some types of check fraud would be forgery, counterfeiting and alteration, paperhanging, and check kiting (“Check Fraud Prevention,” sec. 2). A website called www.wisegeek.org provides a description of each type. Forgery is when someone signs a check and uses it without that person’s permission and most times without them knowing it. Counterfeiting is more complicated than forgery, but is still the s...
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"Identity Theft and Identity Fraud." USDOJ: CRM: About the Criminal Division. The United States Department of Justice, n.d. Web. 17 Feb. 2014.
"Indiana Code 35-43-5." N.p., n.d. Web. 17 Feb. 2014.
Kinsella, K. "What Is Corporate Fraud?" WiseGeek. Ed. Allegra J. Lingo. Conjecture, 22 Apr. 2014. Web. 25 Apr. 2014.
"Nine Ways to Prevent Fraud in Your Workplace." CBIA. N.p., May 2007. Web. 19 Feb. 2014.
"Statistical Data - Corporate Fraud." IRS. N.p., 23 Oct. 2013. Web. 19 Feb. 2014.
"What Are the Different Types of Check Fraud?" WiseGeek. Conjecture, n.d. Web. 17 Feb. 2014.
Yang, Jia Lynn, and Amrita Jayakumar. "Target Says up to 70 Million More Customers Were Hit by December Data Breach." Washington Post. The Washington Post, 10 Jan. 2014. Web. 25 Apr. 2014.
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