The Brief
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Former college basketball player Kerr Kriisa was arrested after a federal indictment alleged he carried out a years-long wire fraud scheme.
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An indictment alleges he posed as multiple people—including his mother—to obtain nearly $2.2 million from two victims.
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Kriisa, a former player at University of Arizona, West Virginia University, University of Kentucky, and University of Cincinnati.
CLARKSBURG, W.Va. – Former college basketball player Kerr Krisa was arrested on Saturday, after he allegedly lied and posed as other people as part of a scheme through which he fraudulently obtained nearly $2.2 million from two victims, according to a federal indictment.
Kerr Kriisa arrested in alleged fraud scheme
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The case was unsealed on Monday following his arrest by federal agents over the weekend in Kentucky.
From 2022 through June 2 of this year, Kriisa allegedly posed as other…
This category refers to crimes committed by employees or insiders against their own organizations. It is often the most damaging because the perpetrator has authorized access to systems.
- Asset Misappropriation: The most common form, involving the theft of company resources. This ranges from simple “skimming” (taking cash before it’s recorded) to complex schemes involving the theft of inventory or intellectual property.
- Payroll Fraud: Employees may create “ghost employees” on the system, falsify their own timesheets to claim unworked overtime, or divert salary payments to their own accounts.
- Financial Statement Fraud: Management deliberately misrepresents the company’s financial health by inflating revenue or hiding liabilities to attract investors or meet performance bonuses.