An imposter is someone who impersonates a payee and induces the maker or drawer to issue an instrument in the payee's name and give the instrument to the imposter.

Question

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This statement is true. An imposter is someone who pretends to be a payee and convinces the person creating the instrument (maker or drawer) to make the payment to them instead of the actual payee. This is considered fraud and is illegal.

An Imposter Is Someone Who Impersonates a Payee and Induces