pile of cash with handcuffs on top Source: Shutterstock.

A North Carolina woman is facing seven felony counts of bank fraud and identity theft in devising a card-cracking scheme in eight states, depositing $740,000 in bad checks that led to a $430,000 loss for Pentagon Federal Credit Union, the U.S. Attorney’s Office for the Eastern District of North Carolina in Raleigh said.

Court documents claimed Erica Andrea Monique Johnson, 27, of Fayetteville, N.C., and 12 other defendants initiated the card-cracking scam by depositing bad checks via ATMs or a mobile banking apps after opening primarily PenFed accounts using the identity of unsuspecting members. Right after the deposits were made, Johnson and others made store purchases and cash withdrawals against the deposit credit during the float period before the fraud was detected, prosecutors said.

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