Bank Statement Reveals Target’s Financial Activities
A recent review of the bank statement for June 1975 has shed new light on the financial activities of a target individual. The statement, obtained from the commercial bank where the target maintains his account, reveals a series of large deposits and withdrawals.
Large Deposits and Withdrawals
According to the statement, the target made a significant deposit of $25,000 on June 16, 1975. A comparison of this deposit with entries in his safe deposit box suggests that he may have removed currency from the box and deposited it into his bank account.
- The target entered his safe deposit box on the same day as the large deposit.
- Investigators suspect that the target may have withdrawn $25,000 in cash from the box and deposited it into his bank account.
Confirmation of Suspicions
The bank’s microfilm copy of the target’s deposit slip, obtained through a request under the Freedom of Information Act, confirms this suspicion. The slip shows that the $25,000 deposit was made with currency.
- A review of the bank statement also revealed a withdrawal of $25,000 from the target’s bank account on June 18, 1975.
- Investigators obtained a microfilm copy of the target’s check, which showed that it was cashed by the target himself.
Use of Codes and Symbols
The use of codes and symbols on the face of the check, known as “cash stamps,” is a common practice used by banks to indicate that a check has been cashed. These stamps are unique to each bank and can be used to identify the financial institution where the check was cashed.
Importance of Examining Bank Statements
This case highlights the importance of examining bank statements and safe deposit box entries in financial investigations. The comparison of large deposits and withdrawals with entries into a target’s safe deposit box can reveal patterns of behavior that may indicate illegal or suspicious activity.
- Investigators should always take advantage of these resources to gather information about a target’s financial activities and uncover any potential wrongdoing.
- Bank statements and microfilm copies of deposit slips and checks can provide valuable evidence in criminal investigations.