Karl-Heinz Wemhoff, Master Check-Kiter

Here is an account of a bold check-kiting scheme that probably would not be possible nowadays. As with many of these crimes, it sounds like it was more work than making an honest living.

Original article here.

     Posted By: Paul - Mon Mar 26, 2018
     Category: Crime | Money | 1960s | Europe

I've seen first-hand what a similar addiction can do. A long ago friend had a gambling addiction. Our relatively close proximity to Lake Tahoe and the Stateline gambling houses were just 90 minutes away and he would frequently skip a day at work, (His family farmed wine grapes.) and spend hundreds of dollars at the slot machines. I admit to tagging along once in a while and it was amazing to watch him stand at the slots pouring money into them with sweat running down his neck. I learned that there is a basis for the term "gambling fever." Some years later his addiction landed him three years in federal prison when he gambled big on the taxes for his business and ruined his marriage.
Posted by KDP on 03/26/18 at 07:41 PM
Isn't this what banks themselves do all the time?
Posted by Richard Bos on 04/02/18 at 03:21 PM
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