Interesting, because I saw a very similar scenario play out at the very first job I had after college. A coworker's paycheck was delayed then when the check did arrive it bounced. Coworker complained to CEO. Coworker was then fired. As a sibling comment says: this kind of thing happens often enough that everyone has seen it at least once.

Definite bonus points for the fake wire transfer receipts though. Above and beyond!