Pretty sure this has been done. Can't find a definitive reference on the internet, but Google Books turns up a hit on
Encyclopedia of World Crime: D-J (Jay Robert Nash 1990)
p978
'Disintegrating Checks, case of': prom 1988 US fraud...'
...and then leaves off as it shows only a snippet view :-(. Nonetheless I also have vague recollections of hearing about the case in the news, which
is why I went googling.
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