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Finance division says security systems blocked nearly $9.8 million in counterfeit checks; Vantage payroll go‑live slated for March
Summary
Division of Finance reported that roughly $9.8 million in counterfeit checks with state routing/account numbers were presented at banks; internal safeguards prevented payment and authorities were notified. The division also said it will move to a new Vantage payroll and HR system in March.
The Division of Finance told the Government Operations Committee it detected a recent fraud event in which about $9.8 million in counterfeit checks containing state routing and account numbers were cashed at banks nationwide; internal verification stopped the state from funding any of those transactions.
Unidentified Department presenter described the incident and the department’s controls: "we had just literally in the last 2 weeks, dollars 9,800,000.0 worth of checks hit banks across the country" and said those…
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