Bordentown car dealer charged in $15m check fraud
January 15, 2010
Total Loss:
$14.9 million
The former head of a Bordentown Township car dealership has been indicted for allegedly defrauding area banks of nearly $15 million as part of a check kiting scheme, according to the U.S. Attorney's Office.
Denis Kelliher, 39, the former principal operator of Cartec Motors on Route 206, has been free on bond since his arrest in August. Kelliher, who owns homes in Monroe Township and Toms River, was indicted on three counts of bank fraud, three counts of wire fraud, and 11 counts of money laundering, according to a release for the U.S. Attorney's Office.
Source:
nj.com
Posted in:
Check Fraud