Columbia, SC - COLUMBIA, SC (WMBF) - A Greenville man has pleaded guilty Thursday to bank fraud charges, according to U.S. Attorney William N. Nettles.
Evidence presented in court alleges Brennan Catrell Goldsmith, 29, and a group of co-conspirators wrote checks drawn on bank accounts with insufficient funds and deposit the money into other accounts. Officials claim the group would also insert empty deposit envelopes into ATM machines and enter false amounts for the deposit.
Patterns of depositing insufficient funds and false ATM deposits resulted in bank records showing an inflated balance on certain accounts. Officials say the group would draw money from the bank based on inflated funds and take advantage on the time it takes for checks to clear.
Banks involved in the kite claim they lost over $20,000 before the scam was discovered.
The maximum penalty Goldsmith can receive is a fine of $1 million and up to 30 years in jail.