Wednesday, July 16, 2014
Fraud Leaves Bank With Thousands In Loss
An investigation was opened through the Lawrenceburg Police Department last week after officials with a local bank reported thousands in loss due to fraud at the hands of a local brother and sister.
The bank manager at Capital Bank, 101 South Locust Avenue, reported that a Lawrenceburg woman had written checks to her brother from an account at Employee Resources Credit Union which were returned due to non-sufficient funds.
She said the brother deposited a series of the checks at five separate Capital Bank branches, including the Donelson, Franklin, Brentwood, Spring Hill, and Nashville branches.
The checks were written for $800 apiece. During some of the deposits he was able to obtain a portion of the funds in cash, resulting in a loss to the bank of $1,597.62.
In addition to these checks, the bank manager said that the sister deposited several worthless checks for varying amounts into her Capital Bank account.
They included a $900 check from Wayne County Bank, as well as checks for $600 and $800 from Employee Resources Credit Union. These checks, she said, resulted in an additional loss of $2,350.
Altogether, the manager said that the bank experienced a loss of $3,947.62. She said that she had already alerted fraud investigators within the bank to the scam. She said that the bank does wish to seek prosecution in the case.
