MEMPMHIS, Tenn. — Government prosecutors state 18 individuals have been billed in Tn with utilizing a music tag to deceive banks promote marijuana.
The particular U. H. attorney’s workplace said inside a news release that will 17 individuals from Memphis and one through Los Angeles happen to be indicted upon federal medication and financial institution fraud costs.
Prosecutors state Fast Money Boyz Amusement was a songs label in whose members “began exploiting the particular brand” to market marijuana plus deposit useless checks right into a bank account. Users would after that withdraw money before banking institutions realized the particular checks had been bad.
The particular indictment introduced Friday looks for forfeiture greater than $1. two million through the defendants through drug profits and cash received from your alleged financial institution fraud.
Defendants face 5 to 3 decades in jail if found guilty.
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