Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

Bethesda Man Pleads Guilty in $4 Million Payphone Fraud Scheme

September 22, 2011
Total Loss: $4 Million

Nicolas Kantartzis, age 62, of Bethesda, Maryland, pleaded guilty today to wire fraud in connection with a six-year scheme to fraudulently obtain payments from over 200 victims, including federal government agencies, a homeless shelter, banks, and airlines, for toll-free phone calls placed from his payphones.

The guilty plea was announced by United States Attorney for the District of Maryland Rod J. Rosenstein; Inspector General Brian D. Miller of the General Services Administration - Office of Inspector General; and Special Agent in Charge Richard A. McFeely of the Federal Bureau of Investigation.

Source: FBI
Posted in: ACH and Wire Fraud Deposit Account Fraud