April 25, 2016

New Jersey announced that 48 people were indicted on charges including first-degree racketeering in connection with an elaborate bank fraud scheme in which numerous defendants impersonated holders of legitimate business bank accounts in order to steal more than half a million dollars from the accounts, withdrawing most of the funds at casinos in Atlantic City. The defendants allegedly targeted business accounts at JP Morgan Chase Bank, stealing more than $570,000 from 27 business bank accounts in two schemes carried out between February 2011 and August 2012. NJ