ANCHORAGE (AP) -- A 26-year-old Anchorage man was convicted Friday of bank fraud and conspiracy for forging stolen credit card convenience checks, depositing them in several accounts, then withdrawing the money, according to the U.S. Attorney's office.
Andres Alarcon-Simi faces up to thirty years in prison for the scheme and a fine of up to a million dollars.
Alarcon and four others deposited 14 of the forged checks for a total of more than $38,000, said Assistant U.S. Attorney Kevin Feldis. The deposits came last June through October.
Four of the checks went into Alarcon's own account at a credit union under his own business name, APA Painting and Repairing. Ten checks went into the accounts of four others at the credit union.
The other four people involved all pleaded guilty and are awaiting sentencing, Feldis said. Three are in custody.
Alarcon also is in custody. He's been jailed since his arraignment two months ago.
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