01/29/2018
App State Fleeced for almost $2 million by scam; feds get most of the money back
Charlotte Observer
First Appalachian State got played. Then it got paid.
According to newly released federal documents, the Boone-based university was fleeced for almost $2 million last year by fraudsters posing as a Charlotte construction company doing work on campus.
On Wednesday, the U.S. Attorney’s Office in Charlotte announced that it has recovered about 80 percent of the original amount. According to U.S. Attorney Andrew Murray and court documents, FBI agents successfully tracked down the missing money to accounts in Bank of America and other financial institutions within a month of its disappearance.
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