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Four take plea deal in bank-fraud ring

July 7, 2009
Total Loss: $140,000
Cases were completed, or nearly completed, Monday for four of the seven people arrested and charged in a massive bank fraud case uncovered by Manhattan Beach police. Only one of the four, Luis Munoz, was sentenced by Torrance Superior Court Judge Thomas Sokolov. Munoz, 34, was the first arrested in the scheme that netted at least $140,000 with the use of fake identification documents. Munoz pleaded no contest to one count of forging a counterfeit seal and was sentenced to five years' probation and 90 days of community service, according to Deputy District Attorney Paulette Paccione. The other three who pleaded no contest will return to court for sentencing Aug. 4.
Source: Daily Breeze
Posted in: Check Fraud
Tags: checkidentity theftover 100kcollusive network