Smith also told Justice Samuel Bosire-led commission that cheque kiting also created room for looting from CBK because ...

The “infinite money glitch”, as it became known on TikTok, allowed the bank's customers to write a large cheque to themselves, deposit it and then withdraw the funds before the cheque bounced.

A man will spend more than 5 years in prison for charges involving more than $100,000 stolen. Yuhanna Muhammad McCallum was ...

Up to 2-day-early paycheck. It’s important to understand the difference between check floating and check kiting, both of which can be illegal in some cases. When people or businesses try to take ...

Since Punta Chame hosted a PKRA competition, it has firmly established itself as a hip kiting spot. Punta Chame is suitable for kitesurfers of all levels. There are vast beaches, sand bars, lagoons, ...

While Katherine Mott's businesses continue to operate amid allegations of a massive check-kiting scheme, her long-term ownership future for her catering and restaurant operations is beginning to ...

This tactic, known as “cheque kiting”, allows wrongdoers to buy time. When payments are not made on time, complainants file FIRs, and accused individuals often secure bail, delaying proceedings.

Most banks will honor a business or personal check for up to six months or 180 days from the issue date. Each financial institution has its own policies and procedures for cashing checks.

Adam B. Frankel is a personal finance writer and financial adviser with over 30 years of experience. When he’s not managing money in the stock market, he teaches financial topics and other core ...

TD Bank alleges the company carried out a cheque-kiting scheme to the tune of more than $37 million between April 2022 to last month. TD alleges the defendants would cash the cheques into TD accounts ...