New Jersey Jury Convicts Two in Debit Scheme
The Wall Street Journal reports that a federal jury in New Jersey has convicted two Florida men in a scheme to defraud banks and their account holders of millions of dollars through unauthorized debits of customers’ accounts. Prosecutors say the defendants pretended to operate a telemarketing business, using it as a front to try to withdraw funds from more than 100,000 bank accounts they were able to access through other conspirators.
