What Is Cash Kiting? | Sapling
sapling.com
What Is Cash Kiting? | Sapling
Cash kiting, or check kiting, is a method of fraud in which an individual may artificially inflate the balance on a bank account by writing checks and taking advantage of bank floats. Costing banks billions of dollars in lost revenue, the act has been practiced since the 18th century and still occurs today.
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27 reactions | Ever wondered what kiting is all about? In the upcoming weeks, we’ll guide you through the basics step by step. But first let the next generation explain what kiting means for them. Do we have a new airtime record?  @desventuring @cgeaton  @miriam_joanna_art | FLYSURFER Kiteboarding | Facebook
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