A Stolen Check Problem

[walrus]

Originally Posted by Bill

The sponsor won't do anything.

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.

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.

Because its called fraud and is quite illegal and carries with it a relatively unpleasant jail term.

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.

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.