Wednesday, May 23, 2012
© Copyright 2015
Gwinnett Daily Post
LAWRENCEVILLE -- Investigators believe a California man defrauded bank branches around Gwinnett of more than $90,000 as part of a check-cashing scheme.
Steve Lee, 52, was behind a large-scale "check kiting" operation that targeted Bank of America branches, said Gwinnett police spokesman Cpl. Jake Smith.
Check kiting, a form of check fraud, refers to the practice of falsely inflating bank account balances via checks with funds that don't exist. The intent is to allow other checks that would otherwise bounce to clear.
In one instance in September, Lee defrauded a Satellite Boulevard branch in Duluth of $29,500, according to his arrest warrants.
Lee is scheduled for a probable cause hearing in Gwinnett Magistrate Court on June 1, according to court records. He is charged with financial identity fraud, theft by deception and multiple counts of theft by taking.
A native of Korea, Lee is also being held for federal immigration officials, jail records show.