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Re: 7 On Your Side helps keep New Jersey hot dog shop on a roll after check fraud
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neverleft wrote:
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How did "Angelo" know they had at least $6,333.69 in the account? Luck?

#insidejob?


I would be suspect of any business that didn't have at least $6k in reserves. Its a business, not a 20 something without a pot to piss in.

Posted on: 9/11 0:38
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Re: 7 On Your Side helps keep New Jersey hot dog shop on a roll after check fraud
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How did "Angelo" know they had at least $6,333.69 in the account? Luck?

#insidejob?

Posted on: 9/10 20:51
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Re: 7 On Your Side helps keep New Jersey hot dog shop on a roll after check fraud
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brewster wrote:
I was thinking about this story, there's just so damn many holes in it.
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he deposited it by taking a photo of the altered check which the bank cashed.


Cashing is not remote depositing. AFAIK to do a remote deposit you need an account! They require at least several forms of ID to open a bank account, and then cashing a check requires funds equal to the check to be held till it clears. Also, if "he deposited it by taking a photo of the altered check" why bother altering the physical check, just photoshop it. The whole thing doesn't add up, but it could be the usual bad reportage.


Yeah, that is rather bizarre, seems like it would be a snap to catch the person that deposited the check, as no check cashing place would accept this check.

Posted on: 9/9 19:45
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Re: 7 On Your Side helps keep New Jersey hot dog shop on a roll after check fraud
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I was thinking about this story, there's just so damn many holes in it.
Quote:
he deposited it by taking a photo of the altered check which the bank cashed.


Cashing is not remote depositing. AFAIK to do a remote deposit you need an account! They require at least several forms of ID to open a bank account, and then cashing a check requires funds equal to the check to be held till it clears. Also, if "he deposited it by taking a photo of the altered check" why bother altering the physical check, just photoshop it. The whole thing doesn't add up, but it could be the usual bad reportage.

Posted on: 9/9 17:10
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Re: 7 On Your Side helps keep New Jersey hot dog shop on a roll after check fraud
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Two questions on this one -

1) Is this the sort of thing that FDIC or any other type of insurance would cover?

2) Why didn't they just pay the insurance bill online? Nearly all insurance companies allow you to pay their bills online.

A shame this all happened in any case. I hope they catch the person that did it, and yet another reason I don't write paper checks anymore unless I absolutely have to.

Posted on: 9/9 14:56
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Re: 7 On Your Side helps keep New Jersey hot dog shop on a roll after check fraud
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Time to do online banking.

Posted on: 9/8 14:02
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Re: 7 On Your Side helps keep New Jersey hot dog shop on a roll after check fraud
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The fraud sucks, but what business can't handle a temporary $6300 hit? That's not really a lot, perhaps not even a months rent even for that hole in the wall. Any business should have reserves for the unexpected.

Posted on: 9/7 17:11
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7 On Your Side helps keep New Jersey hot dog shop on a roll after check fraud
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7 On Your Side helps keep New Jersey hot dog shop on a roll after check fraud

By Nina Pineda

JERSEY CITY, New Jersey (WABC) -- Stealing and forging checks is nothing new, but is it getting easier to do because of mobile phone banking?

Check fraud costs consumers and banks $900 million per year. One local business was out thousands until reaching out to 7 On Your Side and Nina Pineda to help keep their hot dog shop on a roll.

Boulevard Drinks always covets top dog honors, and it has served customers in New Jersey since the Great Depression for 82 years.

Now because someone swiped a check out of the mail, the owners are in the red and struggling to keep their frank shop from folding up.

The trouble for the hot dog hangout started last June when the owners sent out an insurance check for $531 and dropped it in the mailbox on the corner.

But just two days after putting it in the mail, the check showed up -- it had been bleached and forged but was cashed, not by the insurance company, but by a criminal.

Effie Bardis was shocked.

"I said who wrote a check for $6,300," Bardis said.

Now written out to "Angelo," the devious criminal changed the amount from $531 to more than$6,300. And he deposited it by taking a photo of the altered check which the bank cashed.

"Taking a $6,300 hit by somebody who fraudulently took it is just too much," said Victor Victoratos, Effie's brother who had written the check and mailed it.

That's a lot of dogs to dish out. They still sell for just $2.25 and the family worries they'll have to close

So 7 On Your side went to bat for Boulevard Drinks, asking both banks to buck up for the mom and pop business. Within two days, the stolen money was returned to the account

"Thank you 7 On Your Side, you're amazing, what I could not do in five weeks, you did in less than week," Victoratos said.

Reps for both the banks said they were happy to work together to expedite a favorable resolution.

The big takeaway is: The first step to stopping check fraud is to monitor your bank account each week in order to catch any fraud. Remember, you have just 60 days to report fraud to your bank.

Next, sign up for automatic payments where bills will be paid from your bank account each month -- automatically.

And use online bill pay so you pay bills through your bank's website and never use a paper check again.

https://abc7ny.com/finance/7-on-your-s ... fter-check-fraud/5521046/

Posted on: 9/6 22:01
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