College Students Charged In CUFraud

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LANSING, Mich. - (04/27/06) – Fifteen Michigan StateUniversity students were charged this week with stealing almost$60,000 from MSU FCU in an ATM kiting scheme. The students hadaccomplices deposit stolen or bad checks–sometime even emptyenvelopes–at the credit union’s ATMs, then withdrawcash before the credit union realized what was going on. Then thestudents would report their ATM cards stolen.

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