All posts tagged "check kiting"

  • fbi
    N.Y. man arrested for check kiting scam with fake passports

    Federal agents arrested a Westchester County, N.Y., man on Sept. 11 accused of a check-kiting scheme that cost banks $130,000 in losses by using fake passports to set up bank accounts. The man, identified only as Shin,...

    • Posted September 17, 2014
    • 0
  • check kiting
    Korean check kiting scheme costs banks $15 million

    FBI arrests 12 and three more are considered fugitives  Twelve people have been arrested and three are missing after a large-scale “bustout” scheme of check kiting that has cost major financial institutions at least $15 million. The...

    • Posted May 15, 2014
    • 0