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HOW SAFE IS YOUR CHECKING ACCOUNT? NEW REPORT ON CHECK FRAUD RELEASED; U.S. CONSUMERS AND BUSINESSES TO LOSE $5 BILLION IN 1993

 DETROIT, March 16 /PRNewswire/ -- According to William T. Thornhill, contributing editor of Bank Fraud Newsletter and co-author of a new report on check fraud, "Check fraud is running rampant throughout the United States and advances in new technologies are making it easier for crooks and con artists to create fraudulent checks. The FBI reported that check fraud was more than $4 billion in 1992, and the American Bankers Association believes the amount will increase to $5 billion in 1993."
 "How Safe Is Your Checking Account? Twenty Hot Tips To Avoid Check Scams!" is a collection of check fraud cases that explains what you can do to prevent and detect check fraud. Check fraud can happen to anyone. It may have already happened to you, or to the company you work for, or to someone you know. Whether you are an individual, a small-business owner, a corporate official, a banker, an auditor, an accountant, a regulator, or a law enforcement official, you will benefit from the insightful information and prevention tips contained in this book, according to Thornhill.
 Joseph T. Wells, chairman of the National Association of Certified Fraud Examiners and former FBI agent, said, "Today's smart criminals have learned that the pen is mightier than the sword. They use those pens, plus sophisticated technology, to target uneducated and unwary victims. Preventing check fraud before it occurs is the only solution. William T. Thornhill and Michael T. Curtiss have done an excellent job giving you a start on learning what you need to know to protect your business and yourself."
 Michael T. Curtiss, co-author of the report, said, "Image technology, desktop publishing, and other new software programs have made it possible for anyone with a personal computer to create fraudulent checks. However, as many of the cases in the report illustrate, check fraud is preventable and losses can be managed. Check-kiting activities at the bank for the U.S. House of Representatives, the scandal at the Bank of Credit and Commerce International, and the bail-out of the savings and loan industry, have increased the level of awareness concerning the magnitude of check fraud and the abuses which have occurred in government and in the financial services industry."
 Free copies of the report are available from Curtiss & Associates by sending $4 to cover shipping and handling charges to:
 1919 E. Spinningwheel Lane
 Dept. 301
 Bloomfield Hills, MI 48304
 or by calling: 313-333-2884
 -0- 3/16/93
 /NOTE TO EDITORS: The book is available after March 24 and, artwork for the cover of the report is available on request./
 /CONTACT: Michael T. Curtiss of Curtiss & Associates, 313-333-2884/


CO: ST: Michigan IN: PUB SU: PDT

SM -- NYSFNS2 -- 6342 03/16/93 07:02 EST
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Date:Mar 16, 1993
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