City of Poughkeepsie man charged in $130,000 bank fraud scheme

A City of Poughkeepsie man has been charged in connection with an illegal check cashing scheme following a two-year multi-agency probe. Authorities allege that Hayes Kanyike, 28, of Garden Street was the mastermind of a scheme that defrauded local banks of about $130,000. Kanyike was arrested on Tuesday at the Hudson Valley Federal Credit Union in Hyde Park at 3:05 p.m. as he was allegedly trying to steal funds from that bank. The arrests followed a two-year investigation by the US Secret Service, state police and Town of Poughkeepsie police. Police said Kanyike would approach local residents, usually women, and provide a stolen or counterfeit check. He would ask them to deposit the check into their account and give various reasons why he could not cash it himself. Posted in: Check Fraud