Louisville man faces fraud and forgery charges for passing counterfeit check
January 11, 2011
Total Loss:
$167,000
A Louisville man has been indicted on several federal charges after he allegedly used stolen identities in fraudulent business practices in addition to depositing a $167,000 counterfeit check into a fake bank account, according to the U.S. Secret Service.Michael Cain, 39, was charged with bank fraud, forged security of an organization, aggravated identity theft and wire and credit card fraud. Paul Johnson, special agent in charge, said Cain offered services from individuals looking to start small businesses and then used stolen identities to apply for small business loans.
Source:
Courier Journal
Posted in:
Check Fraud