Here we go again. Another case of fraud. http://www.insurancejournal.com/news/southeast/2010/01/25/106812.htm
How could this have been prevented? Owners need to either open their own checking statements and look through the cancelled checks or go online and click on checks to view them. I know many banks have gotten away from returning the cancelled checks and make you pay dearly for that but it might be worth it. I’ve also heard of banks charging a fee just so you can view the checks online. Find out, make some changes, or switch banks today. As the owner of a small business it is your job to look for someone creating bogus checks. A million dollars went out the front door, right under the nose of the owner!