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Archive for Monday, December 12, 2011

Topeka woman pleads guilty to bank fraud scheme

December 12, 2011

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— A woman has admitted taking part in a fraud scheme that cost Topeka banks and businesses of more than $400,000.

U.S. Attorney Barry Grissom said in a news release Monday that 26-year-old Amanda Baloch of Topeka pleaded guilty to one count of bank fraud. She was ordered to pay $55,719 in restitution.

A co-defendant, 30-year-old Junaid Iqbal, was sentenced Monday to time served and $40,090 in restitution. Iqbal, a native of Pakistan, also was ordered deported. A third co-defendant, 31-year-old Maqsood Baloch of Topeka, pleaded guilty to one count in the scheme. He will be sentenced Feb. 13.

Prosecutors said the defendants used various business names to defraud several banks and businesses. They deposited insufficient fund checks and made electronic payments using false account numbers and insufficient funds.

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