We've had a string of folks attempting to cash fraudulent checks. We had an individual last week who was actually successful in cashing 2 checks at 2 different branches. The 3rd attempt (all in the same day – at different branches) was caught and the man was turned away. A police report has been started. Now, today, another guy attempted to cash a check on the same account that was obviously fraudulent.
Question: If the teller knows the "customer" has a fraudulent check, what is the best procedure to follow?
Can they push the silent alarm, or call police, or have someone out of sight call police?
We submitted a breach of warranty claim regarding a forged endorsement on a check for $169,338.01. We submitted an indemnified copy of the check along with the signed and notarized affidavit of forgery. We are located in New Jersey. How long does the depository bank have to respond? They say that they have 90 days.
We seem to be having an issue with forged endorsement affidavits. When attempting to send a request to the bank of first deposit, the bank will deny the claim if the affidavit is over 30 days old. The one bank who does it most often has told us that is the law but can't provide any documentation to support. Are forgery affidavits expired after 30 days or is this the individual bank's discretion?
Is it legal for a bank to "create" several documents from one signature? What would the violation be called? Would it be fraud, falsifying documents,etc.? This took place on a security agreement for a commercial loan. What would the penalty be for such an offense? We are located in Arkansas.
We had a check which cleared an account here at our bank the 17th of July. The customer contacted us on the 21st and said it was a forgery, so we returned it on the 22nd. The bank that cashed it refused it and sent it back to us on August 3rd. We returned it through help from Fed, with the proper documents on August 4th. Now the bank that cashed it called us and said we need to send them a cashier's check or a letter authorizing them to process the check again. Who is responsible for this check, our bank or the one that cashed it?
If a bank's outside automated teller posts a deposit that includes stolen checks that are not made payable to the account holder's name, and the checks clear, thus laundered through the automated teller, for the benefit of the account holder, and the bank never monitors the checks, who is responsible for restitution of the funds stolen?
We have a case where a girlfriend has lived with her boyfriend for eighteen months. He signed her name to the checks to pay rent and bills. Has the girlfriend ratified this type of technical forgery?
We have an organization that had checks stolen. Some of the checks were brought into our bank and cashed at our teller window by the person forging the endorsement. The signers on the account are bringing us an affidavit of forgery. Where does the bank stand on the checks we cashed? I assume we are out and would need to prosecute the forger.
A check came across our non-post, and upon review it was revealed that the wife of the account holder had forged his signature and wrote the check to pay a bill. This appears to be a regular occurrence. The wife is not on the checking account. Does this constitute fraud or violate any other rules or regulations?
We have a customer who deposited a counterfeit check and used some of the funds before the check was returned. She is overdrawn $1000. She is now saying that a certain check sequence has been forged. We looked at the items and they are not her signature. Let's say those are for $500. She wanted to fill out an affidavit of forgery. A co-worker will not give her one until she deposits the $500 that she owes us. I don't think that is correct. If she did't write the checks, she didn't write the checks. I do suspect that she is involved, but didn't know if we could refuse her an affidavit for the ones that appear to be forgeries.