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Loren, Lawyer
Category: Criminal Law
Satisfied Customers: 28516
Experience:  Former administrative hearing officer
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What is Depository Fraud?

Customer Question

What is depository fraud?

Submitted: 5 years ago.
Category: Criminal Law
Expert:  Law Educator, Esq. replied 5 years ago.

Depository fraud is a general term referring to a host of crimes such as writing bad checks, depositing bad checks, check kiting, writing checks on closed accounts.

Expert:  Loren replied 6 months ago.
As a general rule, A person commits the offense of deposit account fraud when such person makes, draws, utters, executes, or delivers an instrument for the payment of money on any bank or other depository in exchange for a present consideration or wages, knowing that it will not be honored by the drawee.

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