What are the common types of cheque frauds?

Types of cheque frauds

• Counterfeit Cheque. In the case of counterfeit cheque, fraudsters create a fake cheque on non-bank paper.
• Forgery.
• Altered cheques.
• Write the cheque carefully.
• Keep your cheque in a safe place.
• Check your cheque book.
• Do not sign the blank cheque.
• Destroy the unwanted cheque.

Can Bank cheques be forged?

Frauds involving cheques include: Presenting lost, stolen or counterfeit cheques including from foreign banks. Fraudulently cashing cheques made out to another person. ‘Bounced’ cheques because of insufficient funds in the account.

What is the legal definition of fraudulence?

the intentional use of deceit, a trick or some dishonest means to deprive another of his/her/its money, property or a legal right.

Can a cheque be fake?

The use of counterfeit cheques or similar instruments is still a common form of fraud against lawyers. It is therefore good practice to always take time to carefully examine any cheques that are accepted by your law firm. Often, the indicia of forgery are easier to spot than one might otherwise expect.

What makes a check illegal?

A bad check refers to a check that cannot be negotiated because it is drawn on a nonexistent account or has insufficient funds. Writing a bad check, also known as a hot check, is illegal. The punishment for trying to pass a bad check intentionally ranges from a misdemeanor to a felony.

What is the punishment for forging a check?

Forging checks of $250 or less is punishable by up to one year in jail and a $3,000 fine, but when the amount of the check exceeds $250, the penalty increases to up to five years in prison and a $10,000 fine. Many states focus on the type of documents at issue when determining the applicable punishment.

What happens if someone gives you a cheque and it bounces?

The punishment for cheque bounce is imprisonment for a term not more than two years or a fine that can extend to twice the amount of the cheque or both. A civil suit can also be instituted against the drawer for payment of the cheque amount.

Can you go to jail for tricking someone into giving you money?

When you “… trick someone into giving you money..” you have committed a criminal act called “Theft By Deception”, and can face prosecution, fines and incarceration.

Can a bank press charges for bad checks?

Yes. If you used a check with insufficient funds to obtain property, you may also be charged with grand theft under California Penal Code Section 487. However, you cannot be sentenced on charges of writing a bad check and grand theft for the same conduct.

What is the punishment for forgery in India?

Section 465 in The Indian Penal Code. 465. Punishment for forgery. —Whoever commits forgery shall be punished with imprisonment of either description for a term which may extend to two years, or with fine, or with both.

What is the punishment for dishonour of cheque in India?

Home Legal Articles Dishonour of cheques in Indian Law. Dishonour of cheques in Indian Law. Author: Ms. Kritika Goyal, Amity Law School, Delhi. Dishonour of cheque is a criminal offence in India and is punishable by law with imprisonment up to two years or with the monetary penalty or with both.

What is the punishment for drawing a cheque illegally?

In both the cases the person (Drawer) has committed the offence under this Act, for which he will be punished with two years imprisonment or with fine which may be twice of the amount of the cheque. The cheque should be presented before the bank within six months from the date it is drawn or within its validity whichever is earlier.

What is the maximum punishment for cheque bounce case?

Maximum punishment for accused in cheque bounce cases is 3 years with fine that can amount to double the amount of cheque….for remedy legal notice should be sent and then criminal complaint under section 138 negotiable instrument act…. Googling your legal issue online? The internet is not a lawyer and neither are you.

How to get the amount mentioned on the cheque?

In such case, as the name shows, the person who has the cheque and the cheque is signed can get the amount mentioned on the cheque by presenting to the bank. Such type of cheques, if misplaced can cause loss to the drawer. The bearer cheque becomes the crossed cheque if at the top on the left hand of cheque two parallel lines are drawn.