Dallas man arrested for multimillion dollar U.S. Treasury check fraud scheme

A Dallas man is accused of cashing U.S. Treasury checks worth over $15 million after stealing the identity of multiple business owners in a large fraud scheme.34-year-old Kendrick Lamont Fugett of West Dallas was arrested on Thursday, August 20, and charged with bank fraud and aggravated identity theft.He is accused of using stolen identities and fake IDs to deposit over $15 million in U.S. Treasury Checks intended for businesses across the United States.Court documents state Fugett assumed the identity of the chief financial officer of an Austin-based technology company and deposited a check with more than $13.8 million at an Origin Bank branch in Dallas.Fugett is also accused of assuming the identity of a billionaire chairman of a holding company associated with the intended recipient business of a $447,000 check he cashed at a Bank of America branch in Mesquite. Fugett presented a fraudulent Illinois driver's license when making that transaction.Fugett had multiple outstanding warra