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4 people indicted in large bank fraud scheme

December 6, 2010
Total Loss: $100,000

Four people accused of masterminding a scheme to defraud several banks across the area have been indicted. A federal grand jury in Amarillo returned a 29-count indictment charging the four with various offenses related to their involvement in a bank fraud scheme. The indictment alleges that from June of last year through October of this year, the defendants schemed to defraud Amarillo National Bank, Happy State Bank, Herring National Bank, HigherOne, First Bank Southwest, First National Bank of Texas, First Convenience Bank, Woodforest National Bank and Amarillo Federal Credit Union.

Posted in: Check Fraud
Tags: check kiting