BST transaction gone very bad with "lost" check

[Centauri]

Ian,

This may be of little solace, but a similar thing happened at my company - We paid a vendor by check, vendor claimed he didn't receive it, we sent a second check and placed a bank hold on the first check. The second check was cashed immediately. 7 months later, the first check was cashed. This is how I discovered the 6 month limit on a bank hold, and the unwillingness of the banks to deal with it after that.

We are still working with our bank and the other bank to try and recover the funds. $11,000 outstanding.

Banksters.

[earlywynnfan]

Originally Posted by Centauri

Ian,

This may be of little solace, but a similar thing happened at my company - We paid a vendor by check, vendor claimed he didn't receive it, we sent a second check and placed a bank hold on the first check. The second check was cashed immediately. 7 months later, the first check was cashed. This is how I discovered the 6 month limit on a bank hold, and the unwillingness of the banks to deal with it after that.

We are still working with our bank and the other bank to try and recover the funds. $11,000 outstanding.

Banksters.

To someone with no business banking experience, can you please explain why isn't this easily provable fraud??

[D. Bergin]

I guess that banks have decided since they don't get a piece of the transaction on most checks, like they do on credit cards (and they are all in the credit card business now), outside of managing the account. They couldn't care less about whether they've passed a bad check, except to string you along for fees on a hold.

[CardboardCollector]

Since the check was mailed, could this be considered mail fraud?

[1963Topps Set]

I believe it could only be mail fraud if the check was intercepted before delivery and cashed by someone else. By the way, I am sorry if I missed this, but how much was the check made out for?

[Rollingstone206]

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[1952boyntoncollector]

without naming the seller...I really take any complaining with a grain of salt...the seller could defend themselves....easy to just say what the seller did was bad and tell your side of the story if you know there is no chance there will be another version of the story.....by not naming the seller that assures you of that..