Check kiting or cheque kiting (spelled differently in American and British English spelling) is a form of check fraud, involving taking advantage of the float to make use of non-existent funds in a checking or other bank account.

2023年11月3日 · Check kiting is one of the most strictly enforced types of white-collar crimes. Even a first-time offender may face stiff penalties, in some cases resulting in criminal fines of more than $500,000 and jail time of more than 20 years.

2023年12月21日 · Check kiting is a type of check fraud that occurs when someone purposely writes a check for more than they have and deposits it into a different account. Then, they use or earn interest on funds before the check can bounce.

2024年6月25日 · Check kiting is the illegal act of writing bad checks using bank accounts with insufficient funds. Common variants include retail check kiting and securities-based kiting. Consumers and business owners should know about this …

2024年6月6日 · Check kiting targets banks or retailers through a series of bad checks, sometimes drawn on multiple accounts. Carried out within the banking system, kiting typically involves...

2024年10月30日 · Also known as "flagging," check kiting is a form of check fraud that generally involves depositing a bad check into your checking account and then spending the advance you receive on the funds while the bank attempts to process the check.

Kiting or check-kiting is the practice of covering a bad check from one bank account to another. Persons with multiple bank accounts use this advantage because it takes multiple days to process checks.

2024年8月19日 · Check kiting is the deliberate issuance of a check for which there is not sufficient cash to pay the stated amount. This scam requires the use of two banks, where checks are written against a checking account in one bank, and deposited in an account at a second bank.

Check kiting (also known as " floating " checks between banks) is a serious federal offense identified as a form of bank fraud. Most cases of check-kiting are prosecuted under Title 18 U.S. Code 1344. If proven, accusations of check-kiting can lead to severe penalties.

2025年2月5日 · Check kiting manipulates the float time between banks when checks are deposited and cleared. It involves writing a check from an account with insufficient funds, depositing it into another account, and withdrawing cash before the check bounces.