Garfield-Dan Ryan Currency Exchange, Inc. v. Citibank, N.A.

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION GARFIELD-DAN RYAN CURRENCY ) EXCHANGE, INC., ) ) Plaintiff, ) No. 23 C 5033 ) v. ) Judge Rebecca R. Pallmeyer ) CITIBANK, N.A., ) ) Defendant. ) MEMORANDUM OPINION AND ORDER An innovation in banking practice—electronic or online check depositing—has opened the door to new fraudulent activity: “Duplicate presentment fraud” occurs when the holder of a check deposits the check remotely with one bank via a mobile device, and then deposits the physical check again with a second bank. If the second bank makes funds…