Phila. Man Indicted After Check Kiting Scheme Nets Thousands
By Kim Glovas
PHILADELPHIA (CBS) -- A bank fraud scheme which was set up through social media allegedly netted a Philadelphia man more than 47-thousand dollars. He was arrested Thursday morning.
Twenty-three-year-old Aaron Caple is charged with soliciting people through Twitter and Facebook, and asking if they wanted to make fast money with their ATMs and PIN numbers.
Assistant US Attorney Mike Lowe says Caple would deposit bad checks in those accounts, and then go and make withdrawals at a number of ATMs and purchases at a number of stores, before the bank realized what was going on.
"Until that happened, there was a window of time where he was able to exploit it and he did that by going to the different places and taking out as much money as he could."
Twenty-two people contacted Caple about the scheme, and Lowe says each of them received some of the ill gained profit. He says the check kiting fraud began last November and continued through this month.
