US bank regulators urged to review unsigned checks

(Reuters) - The practice involves a call to someone who is told he or
she won a prize, but they must provide bank account information
in order to claim it. Instead of depositing a prize the
criminal drains the account using unsigned checks, also called
"demand drafts."




"While the criminal behavior detailed in this report is
shocking, it is not unfamiliar to federal regulators and law
enforcement authorities," the lawmakers said in a letter to
Federal Reserve Chairman Ben Bernanke.


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