How he cashed a $95,093.35 FAKE cheque…and got away with it

Patrick Combs has a weird relationship with money. He likes to do crazy things with it.

Like walk around in public with $10 and $20 bills attached to his shirt to publicize his one-man shows.

It gets attention.

But Patrick’s strangest money story has to do with a fake cheque. You know those fake cheques that loan companies send you? They say something like “You are pre-qualified for $2,307.00” And over the front it says “non-negotiable.”

Most people know immediately that the cheques are fake.

Patrick got one for $95,093.35.

Patrick knew it was fake.

But that didn’t stop him from depositing it in his bank account.

He thought it would give some teller at his bank a good laugh. And that would be the end of it.

That was not the end of it.

The cheque CLEARED HIS ACCOUNT.

That’s right. Ten days after he deposited the fake cheque, Patrick called in to check his bank balance and heard “$95,093.35.”

Patrick had not even endorsed the back of the cheque!

Apparently, the fake cheque had enough real elements, that it passed the bank’s review! Even though “NON-NEGOTIABLE” was stamped on the front!

Then, the bank missed the legal deadline to inform Patrick that the cheque was “non-cash” item.

So, Patrick was suddenly $95,000 richer!

But, even though everyone urged him to keep the money, Patrick eventually relented and gave it all back.

What’s this got to do with your cheques?

Well, this all happened back when real human beings reviewed cheques.

Today, most cheques are never reviewed by humans unless someone complains. Or if the cheques are more than $5000.

All the rest are just scanned. Nobody sees them but robots.

Which means it’s a lot easier to pass a forged cheque these days than it was back in Patrick’s $95,000 days.

If you’re cheques aren’t locked-down secure, you’re asking for trouble.

Get them locked down.