ANCHORAGE (AP) -- A federal grand jury found a man guilty of bank fraud and conspiracy for a scheme involving blank checks that come with credit card solicitations.
Jurors on Friday found Andres Alarcon-Simi guilty of four counts of allowing his co-conspirators to use his painting and repair business account to deposit four forged so-called ''convenience checks'' totaling $9,500.
Credit card customers didn't realize the checks had been used until they got their next monthly statement, said Assistant U.S. Attorney Kevin Feldis. That allowed time for the checks to clear and the money to be withdrawn.
The blank checks were picked from discarded mail in Dumpsters behind the Mail Cache store, Feldis said.
Alarcon-Simi faces two to three years in prison.
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