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Members of California Based Crime Ring Indicted for Bank Fraud

November 23, 2010
Total Loss: $1 million

Fourteen members of a criminal conspiracy involving check kiting and cigarette trafficking were indicted late yesterday in the Western District of Washington for a scheme that defrauded banks of more than $1,000,000. The conspiracy utilized a Washington State Department of Licensing employee who provided fraudulent identification documents for the conspirators. Many of the conspirators reside in California, in the greater-Los Angeles area. So far, six of the people indicted have been arrested, one in Washington and five in California.

Source: FBI
Posted in: Check Fraud
Tags: checkcheck kiting