Gone in 60 Seconds (bank fraud)
After garnering a sizable sum of money, allegedly illegally, from cash-advance kiosks, the suspects went on gambling sprees at casinos. Some casinos gave them free rooms after mistaking them for people who spent a lot of money legitimately. The gang reportedly also kept each individual withdrawal below $10,000, which is the threshold at which casinos must report the transaction to federal authorities.
When Citibank noticed the discrepancies, it alerted the authorities, leading to an FBI-led investigation that resulted in the arrest of the suspects in a series of raids in southern California.
Charging by FBI
Keshishyan Released from Prison mid 2017 Beginning 2018 Fifteen individuals were charged following an FBI-led investigation into the theft of over $1 million from Citibank using cash advance kiosks at casinos located in Southern California and Nevada. FBI agents assisted by the Glendale Police Department and the Los Angeles Police Department arrested 14 of the defendants in the Los Angeles area.
An alleged ringleader has been accused of 14 cases of bank fraud, and each of these accusations is potentially punishable with up to 30 years imprisonment and a $1 million fine. The other 14 group members face up to five years in prison and $250,000 in fines on charges of conspiracy to commit bank fraud and conspiracy to illegally structure financial transactions to avoid reporting requirements.
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