Pennsylvania man admits to $6 million bank fraud scheme operating in eastern US
Man admitted his role in a bank fraud conspiracy that targeted 12 financial institutions in southern New Jersey and southeastern Pennsylvania, U.S. Attorney Philip R. Sellinger announced.
Eight individuals pleaded guilty in a fake check scheme that attempt to steal tens of thousands of dollars. Fredner “Fresh” Reserve admitted to leading the fake check ring, where he and his co-conspirators attempted to cash fake checks at a local bank and immediately take out the money in some cases.
A federal jury convicted a Tampa, Florida man for attempting to pass fake checks, among other crimes. Timothy Howard Buchanan was found in possession of more than $300,000 in fake checks when pulled over in a rental car and confessed to his scheme when questioned by agents.
Several Minnesotans were charged as a part of a fake check ring that allegedly stole more than $200,000 from people across the state. The Minnesota Financial Crimes Task Force identified more than 100 fake checks as a part of the scheme.
Terrence Richardson pleaded guilty in a fake check scheme after recruiting people on Facebook to deposit numerous checks worth between $2,824 and $60,322. Money was quickly withdrawn from the accounts after the fake checks were deposited.
