When is the bank responsible for fraudulent checks cashed. We have seen some horror stories at law firms. You need to have safeguards in place. Interested if anybody has their own story.
Check out the blog post we ran accross below.
“The owner of a restaurant that was the victim of a $62,000 embezzlement by an employee can’t sue the bank which cashed the embezzler’s checks, a state Superior Court panel has ruled.
That ruling, contained in a recent opinion by Judge Carl A. Solano, limits the ability of the Hitching Post restaurant in Clearfield County to be made whole.
Hitching Post officials sued the Northwest Savings Bank after it was discovered that the restaurant’s bookkeeper, Cynthia Patton, had stolen the money.”
Click here to see the full post from penlive.com.