{"id":47993,"date":"2026-07-17T12:16:45","date_gmt":"2026-07-17T12:16:45","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=47993"},"modified":"2026-07-17T12:16:45","modified_gmt":"2026-07-17T12:16:45","slug":"2800000-drained-from-bank-accounts-after-california-gang-member-deploys-instagram-fraud-scheme-doj","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=47993","title":{"rendered":"$2,800,000 Drained From Bank Accounts After California Gang Member Deploys Instagram Fraud Scheme: DOJ"},"content":{"rendered":"

\"\"<\/p>\n

A member of a South Los Angeles-based Crips street gang is heading to federal prison for masterminding a $2.8 million bank fraud scheme involving stolen mail and social media recruitment.<\/p>\n

The scheme relied on intercepting checks from the mail, altering or counterfeiting them, and using flashy Instagram posts of cash stacks to lure bank account holders into granting access, says<\/a> the U.S. Department of Justice.<\/p>\n

Chase Matthew Griffin, 26, also known as Trey, pleaded guilty in March to conspiracy to commit bank fraud and must pay $307,386 in restitution.<\/p>\n

Griffin and accomplices deposited large fraudulent checks into recruited accounts and quickly withdrew funds via ATMs, Zelle, Cash App and other methods before detection.<\/p>\n

One case involved $84,490 in checks stolen from a North Hollywood business postal box in Tarzana, altered and deposited into unrelated accounts.<\/p>\n

Investigators from the U.S. Postal Inspection Service and Upland Police Department traced the activity to Griffin, who has been in custody since September 2025.<\/p>\n

The U.S. District Judge Josephine L. Staton handed Griffin a nine-year sentence on Thursday in the Central District of California.<\/p>\n

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The post $2,800,000 Drained From Bank Accounts After California Gang Member Deploys Instagram Fraud Scheme: DOJ<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A member of a South Los Angeles-based Crips street gang is heading to federal prison for masterminding a $2.8 million bank fraud scheme involving stolen mail and social media recruitment. 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