Banks in Alabama and Mississippi have lost more than $1.8 million after forged U.S. Treasury checks entered their systems in a coordinated fraud operation.
A Sumter County resident received a 60-month prison term along with a $25,000 fine following his guilty plea to conspiracy and bank fraud charges, reports WVUA23.
The individual directed the effort by recruiting participants and providing training on how to deposit and cash the fraudulent instruments during a four-month period in 2023…