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endorsement different to person check is written for

slackz 16 10 December 25, 2016 at 02:05 PM
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for is it proper for John to write a check payabl to Mary but never give the check to Mary, and and endorse this check with John's signature on the back of the check and John keeping all money meant for Mary: and Mary would never know about this

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#2
Quote from slackz View Post :
for is it proper for John to write a check payabl to Mary but never give the check to Mary, and and endorse this check with John's signature on the back of the check and John keeping all money meant for Mary: and Mary would never know about this
I can't say if it's proper or not but if John wrote the check then all he has to do is either write VOID across it or tear it up. He wouldn't have to endorse or cash it himself.

Unless it was a cashiers check, then that's a whole other matter. But if it was just a check from his personal checking account, then he can do the above. (if he owes Mary this money though, then likely it's not proper)
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#3
This is a scam. It is Mary's inheritance money but John does not want to write void across the check because he wants to steal Mary"s money. So John give the outward appearance of being legal by writing a check to Mary, but never giving it to Mary. Instead John endorses the back of the check and thereby steals Mary's money. Is Mary supposed to be the only one that can cash a check payable to Mary? John has no authority and no power of attorney. If John photoshopped fake documents, does the bank have to show these fake documents to Mary, or does the bank just protect itself from from potential liability and from not following bank regulations and possibly federal regulations. That is like your employer wrote you a check for your wages yet never gave you your check that was written as payable to you. But endorsed the check payable to you, the bank paid the employer and the employer stole your money.
If someone atyempted to verify or audit the bank records, it would appear as if you were paid. Only if the image of the back of the check is examined will it be revealed that you never endorsed the check nor got any money What are your rights in the situation ?what can Mary do?
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#4
Sue. Mary sues on the grounds that the funds owed to her were never received. John produces the signed check. Mary states that is not her signature and provides her real signature as proof.

However, if John didn't actually owe Mary the funds and he did this simply to give the appearance of payment for the purposes of, for example, appeasing a family member, that's another story. In that case Mary doesn't really have any suit as no actual loss occurred.
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#5
Is this from your college textbook?
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Quote from tennis8363 View Post :
Is this from your college textbook?
Train B will arrive before Train A even though Train A is travelling faster than Train B as Train B had a shorter distance to cover LMAO

Exactly what I was wondering.

Banks these days don't seem to care who cashes what anymore. I cash checks with my kids name on them, that is nowhere on my bank account, all the time and deposit them in to my account.
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Quote from LivninSC View Post :
Train B will arrive before Train A even though Train A is travelling faster than Train B as Train B had a shorter distance to cover LMAO

Exactly what I was wondering.

Banks these days don't seem to care who cashes what anymore. I cash checks with my kids name on them, that is nowhere on my bank account, all the time and deposit them in to my account.
I think if the bank knows you and if the check is a low dollar amount , then the branch can exercise discretion.

But when the checks are a high amount the banks are supposed to ask for identification.

I think it has to do with the Patriot act because someone could ostensiby write a check payable to an American citizen, yet endorse the back of the check with another signature and then re-route the money to illegal terrorist groups.
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#8
You don't even endorse the check, just put "For Deposit Only" on the back and an account number.

I used to do this for years to pay rent into another persons bank account directly.

It's even less likely to be an issue now that check 21 is law and all the paper copies are scanned and destroyed.
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#9
John can endorse it with his own name and cash it but,
Mary has to sign it and make payable to John
If the bank doesn't know John, most likely they will want Mary present.
If the bank does know John, they will cash it or deposit it. (since he wrote the check)

One question. How does Mary know he wrote a check to her? It's going to come to that.

Just writing For Deposit Only doesn't do anything if Johns name isn't on it. Mary can go to the bank and tell them they deposited her check without proper authorization. If it's not endorsed properly, she can receive that money back.
I just went through this with PNC
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bulb save money by checking your insurance every 2 years (and not every 20) Thanks Liberty Mutual for reminding me to shop. The $842 increase this year sums it up. Across the board increase for Ohio....whatever
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Quote from stufine View Post :
John can endorse it with his own name and cash it but,
Mary has to sign it and make payable to John
If the bank doesn't know John, most likely they will want Mary present.
If the bank does know John, they will cash it or deposit it. (since he wrote the check)

One question. How does Mary know he wrote a check to her? It's going to come to that.

Just writing For Deposit Only doesn't do anything if Johns name isn't on it. Mary can go to the bank and tell them they deposited her check without proper authorization. If it's not endorsed properly, she can receive that money back.
I just went through this with PNC
Mary found out because the bookkeeping department did not rhink the tellers verified properly, and asked for confirmation.
What did you go through with PNC_? Were you successful?
I think this scam is becoming a popular way to deceive and confuse the bank and steal another person's money.
It is complex, and most tellers do not realize it is just a sophisticated scam. And if the thief dresses nicely and presents well , it can go through smoothly.
A reformed white collar thief, used this method to steal millions before getting caught and calls this "social engineering"
Credit card companies often look the other way when companies illegally add you to auto deduct funds because often the credit card company receives 30 or more petcent per transaction.
In this economy, beware and read all your statements. If something appears fishy, check it out and ask questions. Do not let people rip you off.
Anyone, in ANYprofession can rip you off' and it does not matter if they are white collar or blue collar.
Actually, banks tend to favor well dressed, polite, educated white collar criminals.
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