Wisconsin Department of Revenue stops $894,555 fraud scheme

A special agent with the Wisconsin Department of Revenue (DOR) apprehended a suspect who allegedly participated in an out-of-state unclaimed property fraud scheme, preventing over $800,000 in fraudulent checks from being cashed out. According to a press release from the Department of Revenue, a bank employee in Tennessee contacted the DOR after the suspect attempted depositing $894,555 in unclaimed property checks. An agent coordinated with the bank to convince the suspect into claiming the money in person to arrest them. When the plan fell through, the suspect was told he could pick up the money at the Georgia DOR instead, where law enforcement officials took the suspect into custody. The suspect is a former law school student who is on parole for committing a series of large-scale financial crimes.