Key insight: Criminals exploited the banking system's "check float" period as a core part of the scheme.What's at stake: The scheme compromised the personal and financial security of individuals who now have ongoing fears about identity theft.Supporting data: Of the $1.2 million the criminals attempted to steal, banks only lost $22,000 to the scheme.Overview bullets generated by AI with editorial reviewA federal judge recently sentenced a Missouri man who orchestrated a check fraud operation using checks st ...