Weird News: 25 Million Dollar Check Bounces
May 7th, 2006 • Related • Filed Under
Can you really be so busy that you can not walk a 25 million dollar check into the bank? A real estate agent in Northern New Jersey deposited the check from a closing in the drive through window, and then the check bounced causing 23 million dollars in checks written against it to bounce.
A PNC bank branch in North Jersey waived its normal procedures and accepted for deposit a 25 Million dollar check at a drive-through teller window.
Real estate investor Solomon Dwek of Ocean Township often conducted large transactions that way. Turns out the check bounced big-time, but not before Dwek wired 23-Million dollars of PNC’s funds into other accounts.The FBI has been asked to investigate. via 6ABC.com
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Comment by Tom on 7 May 2006:
Spelling error in the title corrected. OOPS…