SARASOTA, Fla.–Six people have been arrested here as part of a check kiting scheme alleged to have involved more than $140,000 and a credit union. The six were charged with felonies as part of an alleged plot to defraud the Publix grocery store chain and its CU. According to authorities, the group deposited and cashed $140,000 worth of bad checks into the Publix FCU's branch here and used debit cards to make cash or money order withdrawals and purchases along the west coast of Florida. They then made purchases with the proceeds. The arrests followed an eight-month investigation; a seventh suspect is being sought.
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