Street gang members among arrests in check-cashing scheme
May 15, 2009
Total Loss:
$500,000
Depositing counterfeit checks and withdrawing the cash before banks discover they are fake is a common crime that happens several times a day in San Diego County. But having a street gang behind a conspiracy that caused a credit union to lose $500,000 could be a first in state history.
State and federal law enforcement officials made that announcement yesterday morning with the arrests of 40 people in the check-cashing scheme, including some active members of the military. Twenty more people are being sought.The checks ranged from several thousand to tens of thousands of dollars, and the account holder would receive a commission of several hundred dollars.
Source:
Union Tribune
Posted in:
Check Fraud