Michigan Man Sentenced to Prison for Check-Kiting Scheme that …

Nov 2, 2023 · CLEVELAND –Najeeb Khan, 70, of Edwardsburg, Michigan was sentenced to 97 months imprisonment by U.S. District Court Judge Pamela A. Barker after earlier pleading …

CouponFollow Extension

$150
OFF

Michigan Man Sentenced To Prison For Check-kiting Scheme That …

6 days from now

This long-running check-kiting scheme caused a financial loss of nearly $150 million to businesses around the country and to KeyBank in the Northern District of Ohio. Khan also failed to report income gained from the check-kiting scheme on his annual tax return for the tax …

irs.gov

$180
OFF

Businessman Sentenced In $180 Million Bank Fraud That Paid For …

6 days from now

Nov 3, 2023 · This photo provided by the FBI shows a classic car collection owned by businessman Najeeb Khan. Khan, who orchestrated a $180 million check-kiting scheme and …

apnews.com

$180
OFF

Michigan Man Sentenced In $180M Bank Fraud That Paid For Lavish ...

6 days from now

Nov 3, 2023 · CLEVELAND — A businessman who orchestrated a $180 million check-kiting scheme and used the proceeds to live a lavish lifestyle and amass one of the world's most …

freep.com

$180
OFF

Michigan Man Sentenced In $180M Bank Fraud That Paid For Lavish ...

6 days from now

Nov 3, 2023 · Khan, who orchestrated a $180 million check-kiting scheme and used the proceeds to live a lavish lifestyle and amass one of the world’s most revered classic car collections has …

wxyz.com

$180
OFF

Michigan Businessman Gets 8 Years For Using $180M Bank Fraud …

6 days from now

Nov 3, 2023 · Najeeb Khan, 70, of Edwardsburg, Michigan, has been sentenced to 97 months in prison for orchestrating a $180 million check-kiting scheme.

foxnews.com

$150
OFF

Edwardsburg Man Accused Of $150 Million Check-kiting Scheme …

6 days from now

Nov 4, 2023 · An Edwardsburg man who stole some $150 million in a check-kiting scheme has learned his fate… 70-year-old Najeeb Khan was sentenced to more than eight years in prison …

953mnc.com

$180
OFF

Businessman Sentenced In $180 Million Bank Fraud That Paid For …

6 days from now

Nov 3, 2023 · A businessman who orchestrated a $180 million check-kiting scheme and used the proceeds to live a lavish lifestyle and amass one of the world’s most revered classic car …

independent.co.uk

$2
OFF

Michigan Man Sentenced In $2M Timber Ponzi Scheme

6 days from now

3 days ago · A man on Michigan’s west side has been sentenced to more than three years in prison for his role in a fraud scheme. ... Michigan man sentenced in $2M timber Ponzi scheme.

clickondetroit.com

$1
OFF

Michigan Woman Convicted Of $1.4M Health Care Kickback Scheme

6 days from now

4 hours ago · A Michigan woman was convicted today for her role in a conspiracy to defraud the United States and receive illegal health care kickbacks. ... She is scheduled to be sentenced …

justice.gov

FAQs about Michigan Man Sentenced to Prison for Check-Kiting Scheme that … Coupon?

Did a Michigan Business Man rip off $121 million from KeyBank?

A Michigan business man pleaded guilty Thursday to ripping off some $121 million from KeyBank through a check-kiting scheme. CLEVELAND, Ohio— The owner of a payroll-processing business admitted to orchestrating a yearslong check fraud scheme that caused several businesses, including Cleveland-based KeyBank, to lose some $150 million. ...

Who's behind the check-kiting scheme?

Interlogic Outsourcing Inc., based in Elkhart, Indiana, handled payroll processing for about 6,000 business across the country. Khan, of Edwardsburg, Michigan, executed what’s known as a check-kiting scheme from 2014 to 2019, when he filed for bankruptcy and self-reported the scheme to federal authorities. ...

What was Khan's check-kiting scheme?

Beginning in 2014, Khan operated a check-kiting scheme using his company's business bank accounts to fraudulently obtain funds from various financial institutions, including KeyBank. ...

Who is Michael Khan and why was he charged?

Michael Khan was charged with operating a check-kiting scheme and failure to report income gained from the scheme on his annual tax return for the tax years 2014-2017. IRS Criminal Investigation (CI) and the Cleveland FBI investigated this case, which is being prosecuted by Assistant U.S. Attorneys Alejandro A. Abreu and Chelsea S. Rice. ...

Why did Barker rescind Khan's sentence?

Barker gave Khan credit for $65 million he helped victims recover so far and for self-disclosing the scheme to authorities in July 2019. She also trimmed the sentence because Khan had never before committed a crime, a new federal guideline that went into effect on Wednesday. ...

What is check-kiting fraud?

This type of fraud is commonly known as check-kiting, and it involves the perpetrator continually writing checks back and forth between accounts he or she controls to fraudulently inflate account balances, thus deceiving banks into honoring checks written with insufficient funds. ...