A complex bank fraud and money laundering operation spanning multiple states and even reaching into Canada has been uncovered, leading to the indictment of four individuals.
United States Attorney Roger B. Handberg announced the unsealing of an indictment charging Daniel Liburdi, 35, of Miami; Joseph Scotto, 44, of Bay Shore, NY; Gregory Walker, 43, of Ontario, Canada; and Frank Carbone III, 35, of Orlando, with conspiracy to commit bank fraud and conspiracy to commit money laundering. Liburdi and Carbone are also facing individual charges of bank fraud.
According to the indictment, the defendants conspired to defraud U.S. financial institutions by submitting fraudulent applications to obtain merchant processing accounts…