Georgia woman indicted on charges of bank fraud in Myrtle Beach
February 25, 2010
Total Loss:
$74,000
A Georgia woman has been indicted in federal court for bank fraud involving Myrtle Beach institutions, according the U.S. Attorney's office. Acting United States Attorney Kevin F. McDonald said a federal grand jury in Florence indicted Brandy H. Rakes, age 35, of Fort Stewart, Georgia, for bank fraud. Federal Investigators accuse Rakes of using 18 accounts at four Myrtle Beach banks, where they said she deposited worthless checks from one account into another to build false account balances. She then allegedly withdrew money from the accounts before the checks were returned as worthless. The check kite caused losses to the banks of more than $74,000, according to investigator's estimates.
Source:
SunNews
Posted in:
Check Fraud