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Check fraud ring stole $7M from nine banks and credit unions

Original: Check fraud ring stole $7M from nine banks, credit unions The indictment names all nine banks and credit unions where th

A check fraud ring is accused of stealing $7 million from nine banks and credit unions, according to a newly unsealed indictment. The indictment names all nine victim institutions where the stolen money moved, which no prior account of the investigation has done, drawing attention in banking circles to the scale and details of the scheme.

Why now: The newly unsealed indictment reveals for the first time the specific banks and credit unions targeted in the $7 million scheme.

check fraud ringAmerican Banker

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Evidence

• Check fraud ring stole $7M from nine banks, credit unions The indictment names all nine banks and credit unions where the money moved, which no prior account of this investigation has done. https://www. americanbanker.com/news/check-… · AlexJimenez@mas.to · 1

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