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With the help of Royal Credit Union, Wisconsin police investigators busted a financial fraud scheme that involved about 20 people communicating through a social media site to carry out the conspiracy.

Robert Teuteberg, a financial crimes investigator at the Chippewa Falls Police Department, said Monday two men bought accounts from about 20 members of Royal CU and used those accounts to deposit fake checks from other banks and then made withdrawals totaling $20,000 over six weeks.

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Peter Strozniak

Credit Union Times

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