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Des Plaines man admits to role in scheme that bilked Muslims out of $40 million

March 29, 2011
Total Loss: $40 Million

A suburban Chicago man has admitted taking part in a scheme that bilked hundreds of Muslim investors out of $40 million.

Amjet Mahmood of Des Plaines pleaded guilty Monday to conspiracy to commit wire fraud, mail fraud and bank fraud.

Source: The Republic
Posted in: ACH and Wire Fraud