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A Nashville man, Mark Jones, opened an account at NationsBank of Hendersonville with a $50 cash deposit. As is usually the case in such matters, the bank provided the new account holder with a small supply of temporary checks.
The ensuing problem was not the number of checks Jones wrote:
there were only three. The real problem was the total dollar amount of those three checks – $122,000!
Hendersonville police were notified and Jones was promptly arrested. He’s been charged with attempted fraud.
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The company, known as Pinnacle Technologies, concentrated on ordering computer chips from companies throughout the US. Orders, frequently for amounts in excess of $100,000, would be paid for with bogus cashiers’ checks drawn on a bogus company account at Keys Fidelity, a non-existent bank. For those sellers who wanted to confirm the funds, a bank phone number was freely given. Calls were forwarded, cross country, to a cooperative woman who would assure the caller in an upbeat, friendly manner. One thing the woman couldn’t explain, however, was why Keys Fidelity was misspelled as Keys Fedility on the cashiers’ checks.
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Steven Gehring was a graduate! He completed the Freemen course, the one in Montana taught by LeRoy Schweitzer before that now-infamous recent run in with the federal authorities. Schweitzer taught students at his seminars how to do some rather incredible things with computers, copiers, printers, etc. – in short, how to generate their own money and rival the Federal Reserve.
Bail for Gehring’s friend, an Arizona militia member jailed for child molestation, was set at $250,000. So Gehring marched in with a $250,000 money order, signed by Schweitzer, as a bail bond. Authorities were not amused; they promptly arrested the graduate.
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Fort Worth police arrested a man moments after he robbed a NationsBank – right next door to the police station. According to the story, another customer walked from the bank over to the PD because he thought it was mighty suspicious that a man was waiting in a bank customer line and wearing a ski mask!
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