Any topic (writer’s choice)
I found another check kiter, said Kathy as she showed the checking account statement to
Scott. Its not a big one, though. Just a few hundred dollars.
Check kiting increased when the local economy was bad. Customers took advantage of the banks generous policy of not waiting until deposited checks had cleared before allowing the customers to have access to the money. A check kiter deposited a bad check from another
bank in Scotts bank. Then he or she wrote a check from Scotts bank to cover the check
from the other bank, and so on. In effect, customers were able to withdraw money that they didnt have and cover it up with a series of bad checks back and forth between banks. Kiting wasnt easy–once it started, it required a steady stream of precisely timed checks–and it was easy to spot the frequent identical deposits and withdrawals when you looked at the statements. Scott recognized the name on the statement as that of a close personal friend of his wife. He certainly hadnt thought she was dishonest, but she was a single mother, and it didnt
surprise him that she might be having financial difficulties. It was tough when a friend put you in this situation. What made it tougher, though, was that she was involved in an off-again, on-again personal relationship with Scotts boss, and Scott wasnt sure whether this was an off-week or an on week. She was also the chief financial officer of the bank on which she was writing checks, which explained how she was able to time her checks so well. In a situation like this, Scott normally documented the case and gave the information to his boss. Then Scott closed the account at his bank, called the customer, and notified the other bank that bad checks were being returned. Whoever caught the kiter first was able to pass the losses on to someone else. Check kiting was illegal, but when Scott used to call the local police, they had always told him they werent interested. He hadnt informed them about a check kiter in over a year. But this case was different. It wasnt obvious what Scott should
do or to whom he should talk.
Using content from this semester, how would you analyze this scenario What would you suggest in this scenario and why?
Case Study Assignment Description
Goal: The goal of the case studies is for you to demonstrate application of the knowledge you have learned throughout the semester to actual organizational scenarios. In your responses I want you focus on 1) identifying the critical information in the scenario and 2) applying course content to the scenario. This exercise is intended to be an opportunity for you to show all you know. I would expect that you would incorporate multiple ideas from course content into each response.
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