Comment Bank should have... (Score 1) 312
Banks have a vested interested in seeing activity like this; transactions keep money flowing, branches get bonuses / awards based on volume (the check he wrote counts), bank fees. They also know that cleared doesn't mean cleared all the way I think there is a time limit on clearing the checks that each bank has but keep in mind this transaction likely went through 3-4 banks before hitting the Chino Commercial bank which means it could be (and should have been) stopped anywhere along that route.
This guy's actions should have triggered fraud warnings at his bank, for several reasons 1) depositing a large sum from a foreign bank 2) a deposit outside his standard profile (I would assume he isn't depositing a large number of high dollar amount checks or a large number of checks in 1 transactions) 3) Writing a check which is outside his standard profile (again I'm assuming he doesn't write to many high value checks). If he'd used a credit card he would have received this level of service.
As small business owner I do a great deal of banking. I have 15 banks accounts I deal with (including personal) at 3 banks. I know my bankers and they know to notify me of any out of the ordinary activity on any of my accounts. Every customer should get to know their bankers so it's a personal connection not $ in and $ out.