Third suspect wanted in $1 million money laundering scheme against Fifth Third arrested

Third suspect wanted in $1 million money laundering scheme against Fifth Third arrested
The third of five suspects indicted in a scheme to steal more than $1 million from Fifth Third Bank is under arrest. Cincinnati police confirmed to FOX19 NOW that Shammon Richard, 22, was caught Thursday. (Source: Hamilton County Jail)

CINCINNATI (FOX19) - The third of five suspects indicted in a scheme to steal more than $1 million from Fifth Third Bank is under arrest.

Cincinnati police confirmed to FOX19 NOW that Shammon Richard, 22, was caught Thursday.

Police say he was a member of a money-laundering ring that not only stole $1 million from Fifth Third Bank, but also targeted JACK Casino, Belterra Park, and Hollywood Casino.

PREVIOUS | Second suspect wanted in $1 million money-laundering scheme against Fifth Third arrested

Karen B. Smith, 27, was arrested Wednesday and DeMarlo Harris, 29, was arrested Aug. 29.

Two others have also been indicted.

All five are facing charges including theft, telecommunications fraud, forgery and money laundering.

PREVIOUS | Prosecutor: 5 indicted in check cashing scheme after stealing more than $1 million from Fifth Third

The prosecutor’s office says they would deposit bad checks into various Fifth Third accounts between May 17, 2018, and June 28, 2019.

Before the checks cleared, they would withdraw the funds from Fifth Third Bank ATMs, the Belterra and JACK casinos and check cashing establishments.

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