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The legal problem of The Movie Cache me if you can

The movie Catch Me If You Can is based on a true story that in 1960s Frank Abagnale Jr. impersonated a co-pilot, a doctor or lawyer spanning 50 states and over 20 foreign countries, while forging and cashing more than 2.5 million worth of fraudulent checks. Whereas he was only 16 years old, he became the youngest con man. The most impressive part is that Mr. Abagnale became one of the most respected authorities on the topics of forgery, embezzlement and documents security. As we know, check fraud is growing dramatically, as computers, laser printers and color copiers are available and Regulation CC, which reduces the time banks are allowed to hold deposited funds as uncollected items — only two days for local checks and five days for out-of-town checks, is adopted. Therefore, how to prevent and detect check fraud is the one of the most popular subjects in accounting, auditing and legal field.

Check fraud describes a number of activities including:
1. Check Kiting involves ...

Posted by: Gabrielle Gooch

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