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West Des Moines businessman convicted of wire fraud

June 21, 2011
Total Loss: $8 Million

A West Des Moines businessman has been convicted of wire fraud in an $8 million scheme against another company in the Des Moines area, federal prosecutors said.

A federal jury in Des Moines convicted Clarence Rice, owner of C&J Leasing Corp., last week of all four counts against him, according to a news release.

Source: Des Moines Register
Posted in: ACH and Wire Fraud
Tags: embezzlingwire fraud