Dallas Newsstand Operator Accused Of $16M Fraud Against Government

Comply with KRLD: Fb | Twitter

DALLAS (AP) — The operator of a newsstand in a downtown Dallas excessive-rise has been indicted on costs that accuse him of cashing fraudulently obtained U.S. Treasury checks amounting in worth to about $sixteen million.

A federal grand jury in Dallas indicted Moiz Mumtaz Ali final week, however the indictment was unsealed Monday. It accuses the 36-yr-previous McKinney, Texas, man of conspiracy, financial institution fraud, theft of public cash, id theft and cash laundering-associated costs.

Ali manages the Gateway Newsstand within the Plaza of the Americas, a enterprise that features a comfort and examine-cashing retailer. The indictment alleges he and others schemed to defraud Neighborhood Credit score Union by cashing fraudulently obtained U.S. Treasury checks. Unidentified co-conspirators would deliver the checks to Ali, who would redeem them for a proportion of the face quantity.

(© Copyright 2017 The Related Press. All Rights Reserved. This materials is probably not revealed, broadcast, rewritten or redistributed.)

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *