Paul has an account at St. Jerome Bank. He does not track his checking account balance in a checkbook register. Yester-day evening, he placed two checks in the mail for $ 156.66 and $ 238.94. Paul accesses his account online and finds that his balance is $ 568.40, and all the checks he has written except for the two checks from yesterday have cleared. Based on his balance, Paul writes a check for a new stereo for $ 241.00. Paul has no intention of making a deposit in the near future. What are the consequences of his actions?