Cheque fraud
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| - | '''Frank William Abagnale, Jr.''' is an American security consultant known for his history as a former [[confidence trick]]ster, [[cheque fraud|check forger]], [[impostor]], and [[escape artist]]. He became one of the most famous impostors ever, claiming to have assumed no fewer than eight identities as an airline pilot, a doctor, a [[Federal Bureau of Prisons|U.S. Bureau of Prisons]] agent, and a lawyer. He escaped from police custody twice (once from a taxiing airliner and once from a [[List of U.S. federal prisons|U.S. federal penitentiary]]), before he was 21 years old. He served fewer than five years in prison before starting to work for the federal government. He is currently a consultant and lecturer for the [[Federal Bureau of Investigation|FBI]] academy and field offices. He also runs Abagnale & Associates, a financial fraud consultancy company. | + | '''Cheque fraud''' refers to a category of [[crime|criminal acts]] that involve making the unlawful use of [[cheques]] in order to illegally acquire or borrow funds that do not exist within the account balance or account-holder's legal ownership. Most methods involve taking advantage of the ''[[Float (money supply)|float]]'' (the time between the negotiation of the cheque and its clearance at the cheque-writer's bank) to draw out these 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. |
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| - | Abagnale's life story provided the inspiration for the feature film ''[[Catch Me If You Can]]'', a [[Broadway theatre|Broadway]] musical of [[Catch Me If You Can (musical)|the same name]] which opened in April 2011, and a [[Ghostwriter|ghostwritten]] autobiography also of [[Catch Me if You Can (book)|the same name]]. | + | |
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| - | == See also == | + | |
| - | * [[Questioned document examination]] | + | |
| - | * [[Michael Sabo]] | + | |
| - | * [[Ferdinand Waldo Demara]] | + | |
| + | ==See also== | ||
| + | *[[Advance-fee fraud]] | ||
| + | *[[Bad Check Restitution Program]] | ||
| + | *[[Bank fraud]] | ||
| + | *[[ChexSystems]] | ||
| + | *[[Federal Bureau of Investigation]] | ||
| + | *[[House banking scandal]] | ||
| + | *[[Job kiting]], named by analogy | ||
| + | *[[United States Secret Service]] | ||
| + | *[[White-collar crime]] | ||
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Cheque fraud refers to a category of criminal acts that involve making the unlawful use of cheques in order to illegally acquire or borrow funds that do not exist within the account balance or account-holder's legal ownership. Most methods involve taking advantage of the float (the time between the negotiation of the cheque and its clearance at the cheque-writer's bank) to draw out these 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.
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See also
- Advance-fee fraud
- Bad Check Restitution Program
- Bank fraud
- ChexSystems
- Federal Bureau of Investigation
- House banking scandal
- Job kiting, named by analogy
- United States Secret Service
- White-collar crime
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Cheque fraud" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
