Our next item up for bid is also from the Jersey Central Bank foreclosure. This is a MICR encoder, a machine used to encode bank checks. Do I have an opening bid? Our unknown subject is a paperhanger who started working on the East Coast. In the last few weeks, this unsub has developed a new form of check fraud I'm calling "The Float." What he's doing is he's opening checking accounts at various banks, then changing the MICR ink routing numbers at the bottom of those checks. Next slide, please. Next slide, please.

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Catch Me If You Can (2002)

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Duration: 27.1s

Our next item up for bid is also from the Jersey Central Bank foreclosure. This is a MICR encoder, a machine used to encode bank checks. Do I have an opening bid? Our unknown subject is a paperhanger who started working on the East Coast. In the last few weeks, this unsub has developed a new form of check fraud I'm calling "The Float." What he's doing is he's opening checking accounts at various banks, then changing the MICR ink routing numbers at the bottom of those checks. Next slide, please. Next slide, please.