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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.
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