A resident of Kansas has admitted to stealing around $160,000 from US banks in a check fraud scheme.
According to the United States Attorney’s Office for the Western District of Missouri, Jevon Crudup defrauded banks by depositing U.S. Treasury Department checks that had been stolen and altered.
“The defendant deposited the altered and forged Treasury checks at ATMs using the bank accounts of other persons he met online.”
Under the scheme, the people Crudup recruited online would hand over their bank account details and sometimes the credentials required to access them, in return for undisclosed financial compensation.
“Crudup would then use these individuals’ debit cards to withdraw funds from the account, or the defendant would require these individuals to make cash withdrawals and electronic funds transfers to him using various online payment systems.”
The Justice Department says that over the course of the check-washing scheme, Crudup deposited a minimum of 15 such U.S. Treasury Department checks, triggering $160,000 in bank losses.
Crudup, now faces 57 months in prison without parole.
He has also been ordered to pay the affected banks approximately $88,020 in restitution.
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This post Kansas Man Drains $160,000 From US Banks in ATM Check Deposit Scheme: DOJ appeared first on The ICD.
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