Free Republic

A Gloucester County man admitted to skirting $3.4 million in taxes over a seven-year period by cashing checks at a check cashing location rather than depositing the money he collected for his business into bank accounts, officials with the U.S. Attorney’s Office said Tuesday. Jose Camilo Perez Jr., 54, of Sewell, pleaded guilty to one count of tax evasion in Camden Federal Court and is scheduled to be sentenced on May 20. From 2016 to 2023, Perez collected over $8 million from clients that included hospitals and other healthcare entities to digitize medical records, authorities said. Instead of depositing the...

DICKSON CITY, Pa. — Americans say they are fed up with banks. They are protesting on Wall Street and raising a ruckus over outsize fees. Now there is a surprising beneficiary: Wal-Mart. Geoffrey Cardone, a 26-year-old factory worker, said he dumped his bank account because he felt that he was being nickeled and dimed by fees. His new payday ritual includes a trip to the Wal-Mart here in northeastern Pennsylvania. “It’s cheaper,” said Mr. Cardone, who was charged a flat fee of $3 to cash his paycheck. Many check-cashing stores keep a percentage of the check, which tends to be...

Efforts Target Households That Use High-Cost Check-Cashing Services. Federal and local governments are trying once again to persuade some of the 17 million U.S. adults who rely on check-cashing services to open their own bank accounts. Past efforts to lure "unbanked" consumers into the financial mainstream have fallen short. Some states require state-chartered banks to offer low-cost accounts, but banks rarely promote them. A Treasury Department initiative earlier this decade offered grants to banks and community groups to sign up consumers, but few accounts were opened. Jolita Richmond, a nursing assistant in Laurel, Md., patronizing a Kash King check-cashing store...

Fake North dollars used to cash UN check in ‘95 March 26, 2007 WASHINGTON ― A North Korean bank allegedly gave counterfeit U.S. $100 notes to a foreigner working for the United Nations Development Program when he cashed a check at a bank in Pyongyang in 1995, a diplomatic source in Washington told the JoongAng Ilbo. A spokesman for the UN agency confirmed the suspicion, adding that the bills will be handed over to the U.S. Treasury Department for verification. In 1995, the UNDP’s Pyongyang office issued a check to an Egyptian consultant for his services on a North Korea...

I may be wrong posting this here but I mad a this bank today. My son got his frist pay check today from his frist career Job, Not having a bank account no bank would cash his check, I told him to go to the bank that his pay check was drawn on and they should cash it, this is not a small compay 250 employees. I made sure he had two forms of picture ID, Drivers license and dependent Military ID(They didn't even know what the military ID was)They said they would cash it unless he open an account,...