OIL CITY, Pa. - (12/12/05) -- A local man who was printing phonychecks on Pennsylvania State Employees CU was done in by spelling.A fraud investigator at the state's largest credit union noticedthat Harrisburg was spelled wrong on some of the checks. It wasspelled 'Harrisburgh.'Using counterfeit checks produced on hiscomputer, Michael Luktisch, 41, and his accomplices traveled acrossPennsylvania and Ohio, making illegal purchases in at least sevencounties, purchasing thousands of dollars in consumer items--from atoilet to a crossbow, police said. Luktisch produced counterfeitchecks on his computer, then gave them to other people who wouldpurchase items at retailers. Luktisch was also done in by the videocameras. Although most of the purchases were made by people otherthan Luktisch, he could be seen in videotapes leaving the storeswith the people who paid with these checks and was eventuallyrecognized as a former Wal-Mart employee. Luktisch pleaded guiltylast week to 66 counts of forgery, unlawful use of a computer, afirearms violation and four counts of theft by unlawful taking inthe six cases against him, and was sentenced to 18 years in stateprison.
-
The Ohio-based lender is accusing Atlantic Coast Mortgage of stealing customers, while a Chicago bank is accusing Lower of raiding a Maryland branch.
1h ago -
For the second week in a row, the 30-year fixed increased by 11 basis points, Freddie Mac found, a result of reaction to oil price hikes from the Iran conflict.
2h ago -
U.S. Bank's merchant acquiring group this week named Wally Mlynarski — formerly of Bank of America and a former executive at Evalon — to the top job as AI sweeps over the industry and with fintechs and traditional rivals ready to pounce.
2h ago -
The Federal Deposit Insurance Corp. rolled back a 2009 policy that banned nonbanks from buying failed banks, a move the agency says aims to widen the bidder pool and cut failure costs.
2h ago -
Brett Tejpaul, co-CEO of Coinbase Institutional, discussed how the crypto exchange plans to bring its trading infrastructure to more financial institutions.
3h ago -
The pace of applications and closings on new construction fell from January, while the average loan size also declined, despite a period of lower rates.
3h ago







