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Article: Combating check fraud: A multifaceted approach
- Article from:
- FBI Law Enforcement Bulletin
- Article date:
- May 1, 1999
- Author:
CopyrightCopyright United States. Federal Bureau of Investigation May 1999. Provided by ProQuest LLC. (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.' Most of these frauds involve counterfeit or stolen checks.
Various sources have estimated that the total economic impact ...