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SAR Filing Locates Check Kiting Suspect
An investigation into the exportation of stolen merchandise exposed that the defendant was using a check kiting scheme to defraud local area banks resulting in losses exceeding $50,000. Subsequent to the defendant’s bond hearing, the defendant fled the jurisdiction and continued to engage in criminal activity. A SAR filed by a Washington bank enhanced the investigation by identifying his aliases, which led to locating the fugitive. The SAR identified other accounts belonging to the defendant and detailed his check kiting scheme, which involved the use of accounts and checks issued in fictitious names. The defendant was arrested and deported.
(Source: U.S. Customs Service)
[Published in The SAR Activity Review – Trends, Tips & Issues, Issue 2, June 2001]