18 arrested in bank fraud case
July 22, 2010
Total Loss:
$125,000
Waterloo police say they have arrested 18 people in connection with a check-writing scheme that allegedly defrauded banks of about $125,000. According to authorities, the suspects face various charges, including unlawful activity, theft and money laundering. Authorities say members of the group opened accounts at various banks to get starter checks and debit cards.
Source:
Chicago Tribune
Posted in:
Check Fraud