Mail fraud

[Horace]

Nice work if you can get it.

Link to video

[Horace]

I'm not clear how those checks are ultimately cashed. Who's left holding the bag? The institution that wrote the check? The business that cashed the check? Presumably not the person to whom the check was written. They get a replacement.

[Horace]

Or maybe the checks aren't generally directly cashed, but the account numbers are taken from them and new, fraudulent checks are created. So much of the activity in those check cashing businesses must be fraudulent, and they must know. Maybe their cut is so huge because they know some percentage of the checks are coming back as fraudulent. The people who cash real checks at those places are actually footing the bill for the fraud.

[taiwan_girl]

@Horace said in Mail fraud:

I'm not clear how those checks are ultimately cashed.

Seems like it is automated quite a bit, so no person ever checks the signature or makes sure that the signer is the actual person listed.

I know you can also take a picture of a check to deposit it, but am not sure exactly how that works.