Part IV: Financial Fraud · Chip, Cash & Ticket Fraud
Check Kiting at Casinos
How it works
A fraudster exploits the float time between depositing a check and its clearing to create artificial account balances. At casinos, this takes the form of depositing checks (often drawn on accounts at different banks) into a casino front-money account, withdrawing chips or cash against the deposited funds before the check clears, and using those funds to cover other checks. The circular nature of kiting, moving funds between accounts to create the illusion of balances, can be adapted to casino front-money and credit systems.
Where it appears
Cage, front money deposits, credit marker payments
On the record
FinCEN’s 2012 study of casino suspicious activity reports cites markers secured with personal checks that were returned unpaid as an example of fraud against casinos.
Detection & preventionADVISORY
The paid halfHow a monitoring room catches check kiting at casinos, and what stops it recurring, written for the desk, not the reader.
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Published as a detection reference for surveillance, compliance and gaming-operations professionals. Thresholds and tuning are set by the property. Nothing here is instruction: the method is described so it can be recognised.