facebook
twitter
search
search

Group allegedly defrauded Citibank of $1M

Oct. 27, 2012 at 8:17 PM

SAN DIEGO, Oct. 27 (UPI) -- Fourteen people allegedly defrauded Citibank of more than $1 million in a scheme using cash-advance machines in California and Nevada casinos.

Federal prosecutors say the kingpin in the group was Ara Keshishyan, 29, of Fillmore, Calif., the Los Angeles Times reported. He and 13 other people were named in an indictment handed up Friday.

Investigators said the group made withdrawals at the machines simultaneously from a single account, obtaining far more than the amount actually in the account. Some allegedly went on immediate gambling sprees, playing so high they received the comps given high rollers.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
North Korean diplomats sending their children to mental hospitals
Report: North Korea executed over 1,300 people
Demand for mobile phones in North Korea means two per household
Catholic Church in Norway ordered to pay $5.1 million for fraud
Ex-Auschwitz guard Oskar Groening seeks forgiveness from God