Nashua man arrested for check kiting at CLB&T

On Aug. 1, 2014, the Clear Lake Police Department took a theft report from Clear Lake Bank and Trust.  The theft was in reference to Clear Lake Bank and Trust Company account holder Dirk Firman, who was doing business as Transvideo Teleproductions.  Along with the theft report, the bank reported that Firman was using a technique called, “Check Floating” or “Check Kiting.”

According to a report issued by the Clear Lake Police Department, the technique involves writing checks in between accounts at multiple banks.  The technique takes advantage of check processing time and fools the banks into thinking the funds in between banks are sufficient.

According to Clear Lake Bank and Trust and bank records between the month of July 2014, thousands of dollars were moved back and forth between two bank accounts held by Firman and his wife, Janise Firman.  Currently Firman is overdrawn on his Clear Lake Bank and Trust account for $15,666.36.  Bank employees made several attempts to contact Firman about the money.  Firman’s attorney contacted the bank and said Firman acknowledges he owes the money, but was unable to pay it in the time allowed.

A 10 day notice was served upon Firman and his wife, Janise, on Sept. 25, 2014.   The overdrawn amount was not paid.  On Oct. 28, 2014, Firman was charged with First Degree theft, a class C felony.  A warrant was issued for his arrest.  On Nov. 4, 2014, Firman turned himself into the Cerro Gordo County Jail where he was held under $10,000 cash bond.