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From: z@rocksvax.UUCP
Newsgroups: net.invest
Subject: Re: E F Hutton
Message-ID: <13600001@rocksvax.UUCP>
Date: Mon, 3-Jun-85 17:15:00 EDT
Article-I.D.: rocksvax.13600001
Posted: Mon Jun  3 17:15:00 1985
Date-Received: Tue, 4-Jun-85 06:10:56 EDT
References: <11185@brl-tgr.UUCP>
Lines: 9
Nf-ID: #R:brl-tgr:-1118500:rocksvax:13600001:000:431
Nf-From: rocksvax!z    Jun  3 17:15:00 1985

What EF Hutton did was something call "check kiting."  It is illegal.  It is
effectively obtaining a loan from an institution or individual without their
consent.  Many people who work in financial institutions are fired each year
specifically for kiting funds.  It is a suprisingly common form of *FRAUD*.

//Z\\
James M. Ziobro
Ziobro.Henr@Xerox.ARPA (soon to be Ziobro.Henr@Xerox.COM)
{rochester,amd,sunybcs,allegra}!rocksvax!z