- Check frauds generate an estimated yearly losses of up to $50 billion.
- About 1.4 million bad checks are written each day which accounts for about $27.3 million worth of fraudulent checks written each day.
- About 500 million checks are written out of stolen or forged checks each year which produces over $10 billion revenue loss.
- It is estimated that merchants take in over $13 billion in bad checks each year and such a number increases about 18% on an annual basis.
Saturday, August 27, 2016
The following statistics on check frauds in America are provided by the American Collectors Association:
Posted by Forensic Professional at 1:05 PM