Paul has an account at St Jerome Bank. He does not track his checking account balance in a checkbook register. Yesterday evening, he wrote two checks for $$156\mathrm{.}66$ and $$238\mathrm{.}94$ and placed them in the mail. Paul accesses his account online and finds that his balance is $$568\mathrm{.}40,$ and all the checks he has written except for the two checks from yesterday have cleared. Based on his balance, Paul writes a check for a new stereo of $$241\mathrm{.}00.$ Paul has no intention of making a deposit soon. What are the consequences of his actions?