Federal prosecutors alleged a Michigan woman ran a $145 millioncheck kiting scheme that victimized the $137 million TruNorthFederal Credit Union in Ishpeming, Mich., and two other banks.

Brooke Lynn Vernier, also known as Brooke Ferns, allegedly wrotehundreds of checks that transferred or attempted to transferapproximately $145 million among TruNorth, formerly knownas Ishpeming Community Federal Credit Union, Peninsula Bankand River Valley Bank, according to court documents filed byprosecutors on July 1 in U.S. District Court in Kalamazoo,Mich.

Prosecutors alleged that from 2010 through September 2012,Vernier operated a circular check-kiting scheme, which wouldartificially inflate the balances in accounts that she held at thecredit union and banks.

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