A Quincy man is facing charges in connection with a bank fraud scheme involving approximately 114 counterfeit checks.
The U.S. Attorney’s Office says that 41-year-old Hui Zhang is accused of opening fraudulent bank accounts under false identities, depositing over $1 million worth of counterfeit checks, and then subsequently withdrawing hundreds of thousands of dollars in cash from these accounts via ATMs.
He was allegedly identified in part by a tattoo on his left hand that was visible in surveillance footage of the ATM withdrawals.
Zhang is also accused of using the same IP address that was used to open one of the fraudulent bank accounts and to deposit counterfeit checks.
He was scheduled to be arraigned in federal court in Worcester Thursday afternoon on one count of bank fraud.
If convicted Zhang could face up to 30 years in prison, five years of supervised release and a fine of up to $1 million, or twice the gross proceeds.
