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$36,000 stolen from Brooklyn Academy of Music

BAM-boozled: Bad checks defraud Fort Greene institution

The Brooklyn Paper
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It was a bad week at the bank for this Fort Greene culture center.

Someone stole $36,000 from the Brooklyn Academy of Music’s bank account between July 30 and Aug. 6, authorities said.

Officials at the cultural institution, on Lafayette Avenue between Ashland Place and Saint Felix Street, told authorities their bank’s fraud unit contacted them about checks being cashed and deposited from their business bank account. The unknown suspects cashed in $36,656.16 worth of fraudulent checks before the bank caught up to them, according to the police report.

The Academy confirmed the theft happened but wouldn’t comment on it.

Updated 12:25 pm, August 22, 2014
Reach reporter Matthew Perlman at (718) 260-8310. E-mail him at mperlman@cnglocal.com. Follow him on Twitter @matthewjperlman.
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Reasonable discourse

Sid from Boerum Hill says:
If the signatures are fake the amounts can be charged back to the bank. Most large institutions have positive controls that give a check register to the bank before the checks hit. Only those checks on the register can be cashed.
Aug. 22, 2014, 10:04 am
Common Cents from Crown Heights says:
The charges probably came from someone that works for BAM
Aug. 22, 2014, 10:44 am

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