This sounds similar to check "kiting" [link]https://en.wikipedia.org/wiki/Check_kiting , that was popular before electronic checking transactions made it nearly impossible. "Kiting" was the art of having multiple checking accounts and passing ever-increasing amounts of money, from one account to the other. In the old days, it took a couple of days to process checks, especially when the back accounts resided in distinct federal reserve regions (which means the checks would physically traverse the federal reserve banks... which took days for delivery).