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The transcript of the unidentified check casher was excerpted at the hearing by Counsel Hoekje and Special Agent Kurt Schmid. It referred to certain ploys that check cashers utilize on behalf of clients-for a price. For example:
Q. Did you have customers for whom you did not utilize the stamp that reflected that you were a licensed check casher in the State of New Jersey?
Q. Which is a requirement, is it not, of the Department of Banking?
Q. And what did the other one say?
Q. Now, were there occasions when you used that particular stamp?
Q. For certain customers? Q. How did that happen or how did that come about?
Q. And this would be something that the customer would initiate?
Q. Just so we're clear, so we all understand, why did you do that and what is it that the customer wanted when they asked for it?
Q. But I'm sure you knew that this was a violation of the banking rules. The rules require that your stamp reflect that you are a licensed New Jersey check casher. Is that right?
Q. Why did you do that for the customers? Check Cashers Padded Payrolls
Check cashers also can facilitate profiteering from padded or otherwise fictitious payrolls:
Q. Were there instances where you suspected [payroll padding] was the case?
Q. What did you look at twice?
Q. Do you recall any instances where week after week there would be a check payable to the same individual?
Q. What kind of verification did you have in those situations?
Q. What was it that made you suspicious? Just the fact that they were pre-signed checks or was there sometimes or on occasion similarity in names or signatures, or something about those checks that caused you concern?
Q. But, nevertheless, you cashed the checks? Q. Why?
Skirting Currency Transaction Law
Unscrupulous check cashers helped clients skirt the law requiring the filing of Currency Transaction Reports (CTRs) in handling amounts of more than $10,000:
Q. While you were operating as a check casher were there instances where you serviced customers who by various mechanisms attempted to avoid the currency transaction reporting laws?
Q. And what kind of methods did they use?
Q. Now, would there be in some instances, say, using your five checks, [where they were] made payable to different individuals or different payees?
Q. Would those payees each come in or would you simply accept the checks from the one individual with the different names on them?
Q. Okay. The maker gives you five checks made payable to different payees.
Q. And you cash them? Q. Without having a payee there before you? Q. Why did you do that?
Q. It's possible, is it not, that those payees were all fictitious?
Q. Were you asked to do that by the customers or did you suggest this as the way to handle that over-$10,000 restriction?
Q. What about the situation where you've got the five $2,000 checks payable to different payees?
Q. Would he or she come in on a variety of occasions and hand you one check each time?
Q. Were there instances where you held the checks and then cashed them over a period of time?
Baseball Bat Beating
The unidentified check casher also recalled he suffered a severe beating that occurred at about the time he stopped paying off a debt to the unlicensed Bayonne check casher, Anthony Gallagher:
Q. And what happened?
Q. Now, was there a time when you were assaulted or attacked?
Q. Can. you tell us what happened to you?
Q. Is that in '83 or thereabouts?
Q. And what were the extent of your injuries?
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