CHEYENNE, Wyo. — A Cheyenne man has been charged with felony theft following his June 2 arrest in connection with a check fraud scheme that led to a $1,900 loss for a local credit union.
Jacob Todd Burns was taken into custody after a Cheyenne Police Department investigation revealed he deposited two fraudulent checks shortly after opening a new account at Blue Federal Credit Union.
According to a fraud investigator with the credit union, Burns opened the account on May 5 and was issued a debit card. The next day, he deposited a $950 check from Meridian Bank and Trust into an ATM and withdrew the same amount in cash. He repeated the same process with another $950 check from the same bank, again withdrawing the funds.
It was later confirmed that both checks were fraudulent and not recognized by Meridian Bank and Trust. The credit union was unable to reach Burns and reported a total loss of $1,900 due to the fake deposits.
Burns now faces felony theft charges in the case. As with all criminal proceedings, he is presumed innocent unless found guilty or entering a plea.
