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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.
Catch Me If You Can
1m5s
Agent Mullen, it should be the square button by the side. This carousel doesn't work. It's a bad carousel. - Thank you. - Move it manually. This is a map of the 12 banks of the U.S. Federal Reserve. Slide. MICR scanners at every bank read these numbers at the bottom of the check. Slide. And then ship that check off to its corresponding branch. Carl, for those of us who are unfamiliar with bank fraud, you mind telling us what the hell you're talking about? The East Coast branches are numbered 01 to 06. The central branch is 07, 08, so on and so forth. You mean those numbers at the bottom of a check actually mean something? All of this was in the report I filed two days ago. If you change a 02 to a 12, that means that check, which was cashed in New York, does not go to the New York Federal Branch, but it is re-routed all the way to the San Francisco Federal Branch. The bank doesn't even know the check has bounced for two weeks. Which means our unsub can stay in one place, paper the same city over and over again while his checks circle the country. You want to talk to my wife.
Catch Me If You Can