I own a construction company and had employees endorse and cash checks made payable to my company. They were cashed at the banks they were drawn on, not by my bank where I had my accounts. It was done between April, 2004 and July, 2004. Two of the checks were over $22,000.00 each, and there were several. I contacted law enforcement and attorney generals in the jurisdictions with no outcome. I hired an attorney and paid him over $10,000 (who was disbarred later for fraud) and now, with so much time passed, wanted to know if I can still go against the banks who cashed these checks. Is it too late?
It's now May 2007, about three years after the checks were stolen and forged. In most states, forged endorsement claims can be brought within three years of the "cause of action." The "cause of action" is generally the point at which you learn of, or should have known of, the forgery.
That means you have no time to lose. Get to a reputable attorney versed in Articles 3 and 4 of the Uniform Commercial Code in your state, and impress on that attorney the urgency of the situation. If you don't delay further, you may have a chance at recovering some of the funds stolen from you.
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It's now May 2007, about three years after the checks were stolen and forged. In most states, forged 