Answer:
Here's a Thread that describes this sort of scheme fairly well: Kiting By Bank Employees (scroll down to post #49883).Here's more:
First published on BankersOnline.com 9/6/04, and updated 3/25/08
Cash Kite Info Needed
Answered by:
Question:
Can you give me a description of a cash kite (also known as grocery store kite)? What are the risks to a bank with this type of activity? Would this activity call for a SAR being reported?
print
share