So today a vendor contacts me and asks about a couple past due invoices. I look into it and see where we paid them, check number and that they were cashed/deposited. Vendor says..hmmmmm we did not receive. Go online and look at the bank records and see a snapshot of the check. Same numer, same amount, but someone changed who it was written to. We figure it was intercepted at the Milwaukee post office since that is the name and address of the imaginary person that cashed/deposited it. The check looks legit, but when they did my company name, they didn't capitalize the H in Handling. It was handling on the check.
Bank has their fraud team looking into it.
this is all I know at this time.
So...who's on the hook for the check amount? The bank?