ANCHORAGE, Alaska – A 61-year-old local man pleaded guilty last week to passing counterfeit checks on a number of credit unions and banks. In a classic kiting scheme, the man, William Allen, would deposit phony checks in accounts at one institution, then withdraw the funds from other institutions, and in some cases wire the money to Nigeria. Credit Union One was apparently his favored dupe, with Allen depositing 23 checks into various branches of the credit union, then withdrawing the funds, as much as $190,000, before the counterfeit nature of the checks were discovered.
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