In September of this year, the NICB assisted a Law Enforcement agency with the investigation of eight reportedly fraudulently purchased vehicles, and an alleged $135,000 embezzlement from an Indiana Business. A search warrant was executed at the residence of the suspect where three of five vehicles were recovered. NICB Agents assisted by obtaining title traces and preventing subsequent titles being issued in Indiana, Illinois, and Kentucky ultimately aiding with forfeiture efforts. The suspect was initially charged with drug related offenses, meanwhile the federal investigation continued. On 10/21/21, a federal grand jury handed down a 14-count criminal indictment for wire fraud, bank fraud, and money laundering. The charges outlined how the Indiana man allegedly used his sub-contracted business for processing accounts payable/receivable to procure cash, electronics, and vehicles through fraudulent means.
Review NICB's Contractor Fraud Toolkit to prepare yourself against dishonest contractors.
