This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
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."
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.more information
Your electronic library to help in fighting financial fraud for all of our partners.more information