Asif Ismail was arrested following an investigation into fraudulent banking activity involving more than $3,000.

The federal courthouse in Sioux Falls. (John Hult/South Dakota Searchlight) An Iowa ag company accused of operating a billion-dollar check-kiting scheme is being sued by a lender that claimed 110,000 ...

A former executive at the O'Fallon, Illinois-based Bank of O'Fallon this week pleaded guilty to check kiting and investment fraud from which he gained more than $2 million and left a retired Illinois ...

CHICAGO (AP) -- A former financial executive has been sentenced to more than three years in prison after pleading guilty to a multimillion dollar check-kiting scheme that contributed to the closure of ...

A former Cape Girardeau car dealership owner was sentenced to 18 months in federal prison Monday for his part in a check-kiting scheme. Judge Rodney Sippel sentenced Clinton W. McDonough, 32, of ...

BERESFORD, South Dakota (IOWA CAPITAL DISPATCH) - A financially troubled Iowa company is operating under a court order to show it did not attempt to destroy or manipulate financial data sought by a ...

ROCHESTER, N.Y. (WROC) — The fates of three prominent Katherine Mott-owned event spaces in the Rochester area are becoming clearer. Thursday, a lawyer representing the court-appointed receiver in the ...

The lakefront Crescent Beach Restaurant will soon have a new owner — the U.S. government. Court records show that beleaguered restaurateur Katherine Mott has surrendered the restaurant, via a ...

The owner of a now-defunct automobile dealership in Pulaski admitted Monday that he ran a check-kiting scheme to help keep his struggling business afloat. Robert Hudson Jr., whose Hudson Automotive ...

A lender to an Iowa ag company accused of operating a billion-dollar check-kiting scheme says 110,000 piglets were at risk of starvation. (Photo by Scott Olson/Getty Images) An Iowa ag company accused ...

Compeer Financial is suing three related swine operations, alleging a billion-dollar check-kiting scheme. The lawsuit claims the scheme threatens the lives of 110,000 pigs in South Dakota due to lack ...