Credit union fraud scheme, Greenfield man charged with 87 counts
Fox 6 Now
MOUNT PLEASANT, Wis. - A Greenfield man is charged with 87 total counts – including more than 30 that are fraud-related.
According to a criminal complaint, Mount Pleasant police were assigned to investigate a "wide-sweeping" fraud operation allegedly organized by 22-year-old Devontae Cash against Educators Credit Union.
The scheme, the complaint states, is commonly known as "card cracking" – which involves depositing checks using a mobile banking app and immediately withdrawing some funds. When the check is processed, however, it comes back as fraudulent, insufficient funds or "account closed."