DSC lost money in Bloods bank fraud scheme
By Matt Friedman, PolitickerNJ.com ReporterThe Democratic State Committee lost $5,000 to $6,000 in 2006 from a check fraud scheme, Democratic State Chairman Joseph Cryan said today.
Attorney General Anne Milgram announced the indictment yesterday of members the Bloods street gang for cashing $341,000 in forged payroll checks between 2005 and 2007. The gang recruited employees of companies and institutions – among them the Democratic State Committee – to turn over copies of actual payroll checks.
Cryan said that checks were copied from payments sent out for the party’s 2006 field operation -- not from a full time employee’s pay check. The committee reported the fraud to Bank of America and wrote it up as a loss in its ELEC report.
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