[Fuzz]

Originally Posted by taxbuster

Holy tamales! This is unbelievable...don't think I've ever read about a corporation kiting to the extent that Sunterra was found to have been doing.


Yah...we've all done that somewhere in our history, but usually for a couple of hundred bucks. Doing it so that it costs someone $35 MILLION (I assume in interest cost or lost) is ...just...wow.


https://calgaryherald.com/news/sunte...le-judge-rules

Check kiting or cheque kiting (spelled differently in American and British English) is a form of check fraud, involving taking advantage of the float to make use of non-existent funds in a checking or other bank account. In this way, instead of being used as a negotiable instrument, checks are misused as a form of unauthorized credit.

https://en.wikipedia.org/wiki/Check_kiting


Uhm, no I have not committed fraud.