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CALIFORNIA | LOCAL
August 17, 1995 | FRANK B. WILLIAMS, TIMES STAFF WRITER
Utilizing innovative computer technology, birth records or just a plain old copying machine, criminals are writing at least 500 million fraudulent checks every year, with banks, businesses and customers losing more than $10 billion, a company that monitors check fraud said Wednesday. Of that amount, businesses and banks absorb about $6 billion in losses, with individuals losing the rest.
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CALIFORNIA | LOCAL
August 17, 1995 | FRANK B. WILLIAMS, TIMES STAFF WRITER
Utilizing innovative computer technology, birth records or just a plain old copying machine, criminals are writing at least 500 million fraudulent checks every year, with banks, businesses and customers losing more than $10 billion, a company that monitors check fraud said Wednesday. Of that amount, businesses and banks absorb about $6 billion in losses, with individuals losing the rest.
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