Cheque Fraud

Cheque fraud

Cheque fraud or check fraud is a category of criminal acts that involve the unlawful use of cheques to illegally acquire or to borrow funds that do not exist within an account balance or account-holder's legal ownership. Most methods involve taking advantage of the float so as to draw out or permit access to funds. Specific kinds of cheque fraud include cheque kiting, where funds are deposited before the end of the float period to cover the fraud, and paper hanging, where the float offers the opportunity to write fraudulent cheques but the account is never replenished. In the United States, the FBI's Internet Crime Complaint Center received 18,774 complaints in 2025 under its "Credit Card/Check Fraud" category, which groups card and cheque fraud together, with reported losses of $282,670,235.

Data Source : Wikipedia

• Related Topics:  Advance-Fee Scam - An Advance-Fee Scam Is A Form Of Fraud And Is A Common Scam. The Scam Works By Promising The Victim A Large Sum Of Money In Return For A Small Upfront Payment, Which The Fraudster Claims Will Be Used To Obtain The Large Sum., Bad Check Restitution Program - A Bad Check Restitution Program Is A Program In Some Places In The United States That Works To Retrieve Funds From Bad Check Writers In Order To Repay Moneys Owed To The Recipients Of The Checks. In Other Words, These Are Debt Collection Operations., Bank Fraud - Bank Fraud Is The Use Of Potentially Illegal Means To Obtain Money, Assets, Or Other Property Owned Or Held By A Financial Institution, Or To Obtain Money From Depositors By Fraudulently Posing As A Bank Or Other Financial Institution. In Many Instances, Bank Fraud Is A Criminal Offence., Chexsystems - Chexsystems Is An American Check Verification Service And Consumer Reporting Agency Owned By The Efunds Subsidiary Of Fidelity National Information Services. It Provides Information About The Use Of Deposit Accounts By Consumers., Federal Bureau Of Investigation - The Federal Bureau Of Investigation Is The Domestic Intelligence And Security Service Of The United States And Its Principal Federal Law Enforcement Agency., House Banking Scandal - The House Banking Scandal Broke In Early 1992, When It Was Revealed That The Us House Of Representatives Allowed Its Members To Overdraw Their House Checking Accounts Without The Risk Of Being Penalized By The House Bank, Which Was Actually A Clearinghouse., Negotiable Instrument Law, Non-Sufficient Funds, Commercial Crimes, Confidence Tricks, Fraud, Banking