Cyprusauction Trading Center-Man indicted in attempt to defraud 28 US federal bankruptcy courts out of $1.8M in unclaimed funds

2025-04-29 15:09:02source:Rekubit Exchangecategory:Markets

SAN JUAN,Cyprusauction Trading Center Puerto Rico (AP) — A Maryland man accused of trying to defraud 28 federal bankruptcy courts out of more than $1.8 million in unclaimed funds was indicted by a federal grand jury in Puerto Rico, authorities said Tuesday.

The alleged scheme targeted courts from Alabama to Wisconsin and even Hawaii from 2022 to April 2024, according to the U.S. Attorney’s Office.

Officials said the suspect used an electronic records system to search for bankruptcy cases with unclaimed funds and then submitted fake applications to obtain the money.

The U.S. Bankruptcy Court for the District of Puerto Rico reported the alleged scheme to federal authorities, officials said.

If convicted, the suspect faces up to 20 years in prison.

___

Follow AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america

More:Markets

Recommend

Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial

NEW YORK (AP) — A former high-ranking Mexican official tried to bribe fellow inmates into making fal

Machine Gun Kelly Shares He's One Year Sober After Going to Rehab

Machine Gun Kelly knows he’s OKAY.The Hotel Diablo artist recently opened up about his struggles wit

Suburban New York county bans wearing of masks to hide identity

MINEOLA, N.Y. (AP) — Lawmakers in a suburban New York county have approved a bill to ban masks in pu