Introducing
Prezi AI.
Your new presentation assistant.
Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.
Trending searches
Loading…
Chapter 5: Check Tampering:Concealed Check Scheme
30
Transcript
Questions?
References
http://www.justice.gov/usao/moe/news/2014/january/byrne_elizabeth.html
Preventing the Scheme
- Checks fanned out on the authorized maker’s desk hiding the names of the payees, but signature lines exposed
- More than one person in control of writing checks payable
Investigating the Scheme
- Big stacks of checks delivered at times
- Reviewing checks without documentation or nothing to specify legitimacy
- Checks the authorized did not review, just skimmed over
Red Flags
Chapter 5: Check Tampering:Concealed Check Scheme
- Busy days where authorized maker is rushed or less likely to pay attention to each check
- Authorized makers known to be inattentive
Example: Local Bookkeeper/Office Manager Sentenced On $2 Million Embezzlement
- Between 1997 and February 2013, Elizabeth Earnest aka Elizabeth Byrne aka Elizabeth Johnson worked as an office manager and assistant to various businesses owned by an individual referred to as Employer
- Duties consisted as: managing and paying her Employer's personal bills and attending to the Employer's personal schedule
- She attained blank checks signed by the Employer payable to herself ,deposited the checks into one of her personal accounts, and used the funds to pay her bills and gave money to family members
- Her scheme was uncovered due to someone else received, open, and reviewed the true bank information while she was out on vacation
Concealed Check Scheme: How it works
Shakoria Morgan
June 30,2014
- Perpetrator prepares a check made out to himself/herself, an accomplice, a fictitious person, and so on
- Instead of forging the signature of an authorized maker, the employee takes the check to the authorized maker
- Delivered to the signer during a busy time of day
- The maker signs the checks quickly without adequate review
- Does not look at what he/she is signing
- Does not demand to see supporting documentation for the checks and does nothing to verify their legitimacy
- Checks have been signed and returned to the employee who then removes the check and converts it
Concealed Check Scheme
A check tampering scheme whereby an employee prepares a fraudulent check and submits the concealed check usually along with legitimate checks to an authorized maker who signs it without a proper review.
Choose a template
Presentations from around the world
Learn more about creating dynamic, engaging presentations with Prezi