Idaho Affidavit regarding Employee who embezzled the proceeds of an Endorsed Check Payable to the Employer of Employee

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Multi-State
Control #:
US-03430BG
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Word; 
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Description

An affiant is a person who swears to the truth of statements made in an affidavit. An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). The person making the signed statement (affiant) takes an oath that the contents are, to the best of their knowledge, true. It is also signed by a notary or some other judicial officer that can administer oaths, affirming that the person signing the affidavit was under oath when doing so.


Embezzlement is the fraudulent appropriation of money by someone entrusted with its care on behalf of others, but who uses it for his/her own purposes. Embezzlement typically occurs in the employment and corporate settings. It is a crime that may involve small sums or very large sums of money. Embezzlers commonly steal relatively small amounts repeatedly over a long period of time, although some embezzlers steal one large sum at one time.

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FAQ

What happens if I endorse a check incorrectly? It also won't be accepted by the bank. Also, if the amount written in the box is correct but the amount written in words is wrong, you will need to void the check and write another one.

Through its regulatory oversight of national banks, the OCC works to implement legislation designed to detect, identify, and prevent financial crimes and fraud.

Forged endorsement is a type of fraudulent payment. For example, someone may write a cheque with a forged signature. In this case the forged signature makes the endorsement fraudulent.

The bank is liable to paying a check that has been materially altered. This means that the check was changed in some way that modifies the obligation of a party or includes an unauthorized addition of words or figures.

Drawee Bank Liability for Forged Endorsements Under the UCC, a check bearing a forged endorsement is not properly payable (Revised UCC . 4-401). If the drawee bank pays a check bearing a forged endorsement, then it is obligated to recredit the drawer account for the item.

A forged endorsement involves forging the payee's signature for negotiation. Frequently, a forged endorsed check contains the true signature of the account holder. Forged endorsed items can be identified as first-, second-, or third-endorsed items.

A forged endorsement involves forging the payee's signature for negotiation. Frequently, a forged endorsed check contains the true signature of the account holder. Forged endorsed items can be identified as first-, second-, or third-endorsed items.

You generally have up to 30 days from the statement date to notify the bank of an error, including an unauthorized signature or an unauthorized alteration on a check.

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Idaho Affidavit regarding Employee who embezzled the proceeds of an Endorsed Check Payable to the Employer of Employee