Police said an additional arrest was made in a Dubuque bank fraud case involving multiple individuals.
Shanice N. Adams, 26, of 2901 Central Ave., No. 12, was arrested at 1:16 p.m. Monday in the 1300 block of Central Avenue on a charge of ongoing criminal conduct-unlawful activity.
This type of fraud targets the supply chain and accounts payable departments of businesses.
- Invoice Manipulation: Criminals intercept a legitimate invoice between a supplier and a client and change the banking details to their own. The client pays the bill thinking they are paying their trusted vendor.
- Kickbacks and Bribery: A vendor secretly pays an employee of the purchasing company to ensure their bid is successful or to overlook inflated pricing.