A fraud perpetrator used the float time between banks to give the impression that he had money in his accounts. Which crime is he committing?
A) Floating
B) Strip
C) Spinning
D) Kiting

Question

Quizplus · Accepted Answer

The perpetrator is committing kiting, also known as check kiting, which is a form of check fraud that involves drawing funds from a bank account that do not actually exist or are not available, by taking advantage of the float time between banks. The perpetrator writes a check from one account and deposits it into another account at a different bank, and withdraws the funds before the check clears. This gives the impression that there are sufficient funds in the account, when in fact there are not.

A Fraud Perpetrator Used the Float Time Between Banks to Give