Eight Arrested in Multi-State Bank Fraud Conspiracy That Caused Over $1,500,000 in Losses: DOJ - The Daily Hodl

Prosecutors have handed out prison time for eight individuals involved in a wide-ranging conspiracy of wire, bank and mail fraud.

In a press release, the US Attorney’s Office for the Middle District of Alabama says that Hunter Hudson, Jr., and seven other people have been sentenced to prison in an elaborate bank fraud scheme that caused an intended loss amount of more than $1.5 million.

The group, which referred to itself in a group chat as the “Fraud Academy,” stole checks, altered them and then deposited them into fraudulent bank accounts, according to prosecutors.

The US Postal Service aided in the investigation, according to the press release.

Says Timothy J. O’Malley, Acting Special Agent in Charge with the Federal Bureau of Investigation (FBI),

“Any attempt to exploit our postal or banking systems is a serious violation of the public’s trust. These actions will not be tolerated and will be prosecuted to the fullest extent of the law. Protecting the integrity of our postal and financial systems is essential and non-negotiable.”

25-year-old Hunter Hudson, the ringleader of the operation, was arrested in May of last year. Local news outlet Fox 13 reported that his rap lyrics gave the investigators material for their probe.

Captain Eric Hill with the Venice Police Department in Florida said that Hudson “drove around throughout the whole region of the United States and he would steal mail.”

“He would wash those checks or use the account information on those checks to then make fraudulent deposits into other individuals’ accounts who would agree to be part of this scam with them.”

Hudson was sentenced to 92 months in prison and was ordered to pay $987,883.50 in restitution and to forfeit $91,020.41.

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