12 May NY Daily News: Manhattan District Attorney busts check-fraud scheme that may have cost TD Bank more than $1M
A well-organized crew of scam artists gamed the system to steal more than $1 million from TD Bank through casino cash machines, Manhattan prosecutors charged Wednesday.
And although nearly 100 people have been indicted, the fraud isn’t over.
“We believe the activities are continuing to this day,” Assistant District Attorney Sharon Applebaum said at an arraignment.
The ringleaders recruited people to open checking and savings accounts and get ATM cards at TD branches, officials said.
The suspects would deposit a bad check from another bank into a savings account and make a telephone transfer of those funds to the checking account.