Question: Assume there are two thefts of checks at ABC Company
Assume there are two thefts of checks at ABC Company. In the first case, an employee steals an outgoing check that is drawn on ABC’s account, and is payable to “D. Jones.” The perpetrator forges the endorsement of “D. Jones” and cashes the check. In the second case, an employee steals an incoming check from “D. Jones” that is payable to ABC Company. The employee fraudulently endorses the check and cashes it. Which of these schemes would be classified as check tampering? Why?
Answer to relevant QuestionsThere are five principal categories of check tampering frauds. What are they? What are some methods of intercepting a check intended for a third party? If a fraudster does not have legitimate access to check stock, he must obtain access to the check stock in order to commit a forged maker scheme. What are some ways blank checks can be fraudulently obtained and what ...What is a “ghost employee”? In terms of preventing payroll fraud, why is it important for hiring and wage rate changes to be administered through a centralized and independent human resources department?
Post your question