CHICAGO — Ten Chicago-area residents have been indicted on federal fraud charges for allegedly scheming to cash counterfeit U.S. Postal Service money orders.

The defendants deposited the counterfeit USPS money orders into various bank accounts to which they had access and then quickly withdrew the funds before the banks learned of the fraudulent nature of the deposits, according to indictments returned July 28, 2021, in U.S. District Court in Chicago.  The defendants had purchased or caused to be purchased the money orders from post offices in amounts less than $10, so that the orders could then be altered to higher amounts – typically between $800 and $1,000 – before the deposits, the charges allege.

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