By Associated Press - Monday, April 25, 2016

TRENTON, N.J. (AP) - Authorities in New Jersey have indicted four dozen people in a bank fraud scheme they say raked in more than $500,000.

Acting Attorney General Robert Lougy said Monday the defendants impersonated holders of business bank accounts and withdrew money from Atlantic City casinos.

They face charges including racketeering, theft and money laundering.

All but four of are from the New York City area. The rest are from Pennsylvania, North Carolina and South Carolina.

Authorities say the group targeted JP Morgan Chase Bank and stole more than $570,000 from 27 business bank accounts between February 2011 and August 2012.

Some of the defendants also face charges from an indictment handed up in 2013.

New Jersey state police began investigating after bank investigators noticed fraudulent wire transfers and cash advances at casinos.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2021 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide