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Two men who used popular social media sites to run a debit card and check fraud scheme that siphoned more than $100,000 from three billion-dollar, Virginia-based credit unions and a major bank were sentenced to federal prison last week in U.S. District Court in Newport News, Va.

Preston Frazier, 22, of Newport News, Va., was sentenced to more than five years and Keandre Williams, 25, also of Newport News, was sentenced to more than six years after pleading guilty in September to conspiracy to commit bank fraud and aggravated identity theft.

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Peter Strozniak


Credit Union Times

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