Read this passage and answer questions below: The Treasury Department has become aware of a problem with U.S. Savings Bonds apparently sold by a branch of the Swanee Savings Bank. Several different people have recently attempted to cash in savings bonds with certificate numbers of bonds that have already been cashed in. In each case, the original bond that had been cashed in and the counterfeit bond that had been presented for payment carried the same date of purchase. The dates of purchase were all in the year before last. Each of the original bonds was found to have been redeemed in... Show more Read this passage and answer questions below: The Treasury Department has become aware of a problem with U.S. Savings Bonds apparently sold by a branch of the Swanee Savings Bank. Several different people have recently attempted to cash in savings bonds with certificate numbers of bonds that have already been cashed in. In each case, the original bond that had been cashed in and the counterfeit bond that had been presented for payment carried the same date of purchase. The dates of purchase were all in the year before last. Each of the original bonds was found to have been redeemed in February or March of last year in the name of Frank Watts. During the course of the investigation, the following statements were made: (1) John Zinn, who presented one of the counterfeit bonds for redemption at the Swanee Savings Bank, stated that he had been a regular depositor at the bank for years, had bought the bond at the bank but now needed the money. He said he liked to buy bonds when he had the money because it is patriotic and the process takes only a few minutes.(2) Sheila Tredd, who presented one of the counterfeit bonds for redemption at Pioneer State Bank of Swanee, stated that she had bought the bond at the Swanee Savings Bank when she was a depositor there before she moved across town. She now needs the money to buy furniture.(3) Shirley Bristol who, with her daughter Ann, presented one of the counterfeit bonds for redemption at The Montgomery National Bank, stated that Ann had received the bond as a gift from a relative living in Swanee but that she wanted the money to buy a computer.(4) Bank Teller Lola Capone of the Bar-stow National Bank stated that she had cashed several bonds for Frank Watts, who had had an account at the bank for a short period of time. Watts had opened his account with a small amount of cash and had identified himself with a driver's license and on the basis of an account with the Swanee Savings Bank.(5) Jean Scott, assistant manager for special services of this branch of the Swanee Savings Bank, stated that during the period in question and up to January of last year either she or teller Graham Murphy handled almost all sales of bonds. She stated that Graham Murphy had left the bank's employ to return to his hometown and care for his ill mother.(6) Special Agent Edith McCarthy stated that she had been unable to locate the whereabouts of either Graham Murphy or Frank Watts.(7) Bank Manager Paul Mead stated that he had full confidence in Jean Scott since her father belongs to the same social clubs that he does and Mead knows the father to be a perfect gentleman.(8) Teller Robert Conyer, who replaced Graham Murphy at the Swanee Bank branch, stated that the counterfeit bonds that he had seen do not appear to have been sold by Graham Murphy. Murphy had cautioned Conyer to initial his work so that "you can't be blamed for someone else's mistakes."(9) Wesley Adams, who had been a teller at the Swanee Savings Bank branch that sold the bonds and now works at another branch of the bank, stated that he had once been called upon to sell a bond when neither Graham Murphy nor Jean Scott was in the bank and had come across two bonds in a bottom drawer. These two bonds were not filled out and showed no indication of having been sold. However, they had the same certificate numbers as bonds that the tally sheet showed as having been sold three days before. Since he did not understand the sales process very well, he left the bonds where he found them. A couple of days later they were gone, so he forgot about the matter. Show less
Read this passage and answer questions below:
The Treasury Department has become aware of a problem with U.S. Savings Bonds apparently sold by a branch of the Swanee Savings Bank. Several different people have recently attempted to cash in savings bonds with certificate numbers of bonds that have already been cashed in. In each case, the original bond that had been cashed in and the counterfeit bond that had been presented for payment carried the same date of purchase. The dates of purchase were all in the year before last. Each of the original bonds was found to have been redeemed in February or March of last year in the name of Frank Watts. During the course of the investigation, the following statements were made: (1) John Zinn, who presented one of the counterfeit bonds for redemption at the Swanee Savings Bank, stated that he had been a regular depositor at the bank for years, had bought the bond at the bank but now needed the money. He said he liked to buy bonds when he had the money because it is patriotic and the process takes only a few minutes.(2) Sheila Tredd, who presented one of the counterfeit bonds for redemption at Pioneer State Bank of Swanee, stated that she had bought the bond at the Swanee Savings Bank when she was a depositor there before she moved across town. She now needs the money to buy furniture.(3) Shirley Bristol who, with her daughter Ann, presented one of the counterfeit bonds for redemption at The Montgomery National Bank, stated that Ann had received the bond as a gift from a relative living in Swanee but that she wanted the money to buy a computer.(4) Bank Teller Lola Capone of the Bar-stow National Bank stated that she had cashed several bonds for Frank Watts, who had had an account at the bank for a short period of time. Watts had opened his account with a small amount of cash and had identified himself with a driver's license and on the basis of an account with the Swanee Savings Bank.(5) Jean Scott, assistant manager for special services of this branch of the Swanee Savings Bank, stated that during the period in question and up to January of last year either she or teller Graham Murphy handled almost all sales of bonds. She stated that Graham Murphy had left the bank's employ to return to his hometown and care for his ill mother.(6) Special Agent Edith McCarthy stated that she had been unable to locate the whereabouts of either Graham Murphy or Frank Watts.(7) Bank Manager Paul Mead stated that he had full confidence in Jean Scott since her father belongs to the same social clubs that he does and Mead knows the father to be a perfect gentleman.(8) Teller Robert Conyer, who replaced Graham Murphy at the Swanee Bank branch, stated that the counterfeit bonds that he had seen do not appear to have been sold by Graham Murphy. Murphy had cautioned Conyer to initial his work so that "you can't be blamed for someone else's mistakes."(9) Wesley Adams, who had been a teller at the Swanee Savings Bank branch that sold the bonds and now works at another branch of the bank, stated that he had once been called upon to sell a bond when neither Graham Murphy nor Jean Scott was in the bank and had come across two bonds in a bottom drawer. These two bonds were not filled out and showed no indication of having been sold. However, they had the same certificate numbers as bonds that the tally sheet showed as having been sold three days before. Since he did not understand the sales process very well, he left the bonds where he found them. A couple of days later they were gone, so he forgot about the matter.
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