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Employee sets up check cashing scam

February 3, 2011
Total Loss: Unknown

Set up a business at a local bank, cash bad checks on the empty account and life is a free ride. Not so fast. The bill always comes due. In this case the bill is a wanted notice for theft by taking, 10 counts of theft by deception and identity fraud, an Albany Police Department news release stated. Noel Thomas, 52, is wanted for allegedly stealing a business license off the wall at the shop where he worked and opening his own non-existent business with an account at an Albany bank. He used the license as proof of existence, said a police spokeswoman.

Source: Albany Herald
Posted in: Check Fraud