Worldcolor Helps Thwart Fake ChecksMay 2010
DARTMOUTH, NOVA SCOTIA—A Worldcolor employee and several recipients of fraudulent checks face possible theft charges in Canada, according to the Halifax Chronicle Herald. The checks, which totaled more than $240,000, were frozen by court order.
Worldcolor was alerted by the Canadian Imperial Bank of Commerce to a series of checks that were being issued to individuals and not companies, and that were for large amounts. One of the alleged recipients has the same last name and address of a clerk in the printer's accounts payable department.
The clerk in question began work last Dec. 19. Between Feb. 24 and March 10 of this year, nine payments totaling $240,785.17 were issued to fake vendors who had been added to Worldcolor's vendor file, presumably by the clerk. The forging of company controller Nancy Mansfield's signature may have been involved.
Since the involved parties had not been formally charged under Canada law at press time, Printing Impressions will not be releasing their names.