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Originally Posted by Bill
The sponsor won't do anything.
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The sponser is the only one who can really do anything about it...and they really do have a lot of options at their disposal. If notified early enough they can put a stop payment on the check. As long as the check hasn't cleared the bank, a stop payment can be made without any problems.
Either way thier bank should be willing to work with them to recover the funds.
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Originally Posted by Bill
Think about it - if sponsors had to pay for every stolen check, what would keep people from giving a check to someone, saying it was stolen, then demanding a replacement.
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Because its called fraud and is quite illegal and carries with it a relatively unpleasant jail term.
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Originally Posted by Bill
My stolen checks were from big name sponsors that I wanted to keep using, so dropping them would only have punished me.
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They are big name sponsors who will allow money to be stolen out of your pocket. You show much more loyalty to them than they do you.