DENVER (AP) – A man accused of running bank fraud rings in Colorado and Maryland has been arrested in Texas.
Colorado authorities announced Wednesday that 43-year-old Francisco Alfonso Chavez Diaz was arrested June 30 at a Houston hotel and will be returned to Colorado to face charges.READ MORE: Snow, Rain A Welcome Sight In Colorado But Drought Still A Big Problem
Investigators say the ring opened bank accounts with small deposits in metro Denver using passports from El Salvador. They later allegedly inflated the balances of the accounts by depositing fraudulent checks. Diaz then allegedly accessed the money using ATMs or debit cards before the checks were returned for insufficient funds.READ MORE: Colorado Community Uses 'The Social Dilemma' To Ignite Conversation About Unity, Change
The district attorney for suburban Jefferson County, Scott Storey, says the banks lost over $27,000 on the accounts.
Authorities believe the other members of the alleged ring have returned to El Salvador.MORE NEWS: COVID In Denver: Vaccine Focus Continues In Underserved Communities
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