MILWAUKEE (AP) - Two West Michigan men face federal charges in an
alleged fraud scheme using stolen personal information to obtain
Court documents filed yesterday say the two tried to steal
financial information of a Milwaukee lawyer in the attempt to buy a
yacht worth about $550,000.
Charged with scheming and conspiring to defraud a bank are Michael Vorce, 31, of Grand Rapids and James Jett, 29, of Byron Center.
Authorities say the alleged scheme involved use of the personal information to get expensive loans for the purchases, even though in some cases the yachts were fictitious.
The FBI issued a news release saying the investigation is continuing into the multistate scheme said to involve at least $2.6 million and at least four financial institutions.
Vorce Arrested In Chicago On Bank Fraud
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