Bank Employees And Co-Conspirators Allegedly Orchestrate $8,800,000 Fraud Scheme Targeting Elderly Americans in Multi-State Operation

A multi-state, multi-million dollar investigation dubbed Operation Teller-to-Telegram just concluded with the arrest of several individuals who allegedly engaged in a bank fraud scheme that targeted the elderly. In a statement, the office of the Florida Attorney General James Uthmeier says that eight individuals behind an $8.8 million bank fraud ring are now facing RICO charges, criminal use of personal information and other serious felonies. The fraud operation involved three bank employees in Maryland, identified as Barbara Frazee, Camala Shafer, and Antonio Penn, who allegedly sold and shared the account information of senior customers using the encrypted mobile messaging app Telegram. The other perpetrators used the victims’ names, dates of birth, Social Security numbers and bank account information to drain savings, then transferred the stolen funds to accounts that they opened. Says Polk County Sheriff Grady Judd, “This wasn’t some small-time scam, this was a well-organized fraud ring stealing millions from innocent victims across the country. They thought they could hide behind mobile apps and fake accounts, but we found them, and we’ll continue to go after anyone who targets hardworking people’s life savings. Racketeering is a serious crime, and we will pursue as many felonies as possible against each one of these suspects.” Frazee, Shafer and Penn are now facing charges along with their alleged co-conspirators: Okeroghene Akushe, Michael Nevarez, Roshado Durrant, Hassan Phillips and Kevin Clayton. Follow us on X , Facebook and Telegram Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Bank Employees And Co-Conspirators Allegedly Orchestrate $8,800,000 Fraud Scheme Targeting Elderly Americans in Multi-State Operation appeared first on The Daily Hodl .

Source: The Daily Hodl