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Article: Combating check fraud: a multifaceted approach.
- Article from:
- The FBI Law Enforcement Bulletin
- Article date:
- May 1, 1999
- Author:
CopyrightCOPYRIGHT 1999 Federal Bureau of Investigation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Check fraud can affect anyone. Almost every business owner, government agency, and financial institution, as well as millions of private citizens have been victimized by people who have written bad checks with the intent of getting something for nothing. In some jurisdictions, the large number of reports of fraudulent checks means that law enforcement officers can address only the cases with the most substantial losses. Since 1987, bank frauds committed by nonemployees have risen dramatically and now account for more than 60 percent of all financial institution fraud.(1) Most of these frauds involve counterfeit or stolen checks.
Various sources have estimated ...