"Michiana Man Receives 8-Year Sentence for Check-Kiting Scheme"

Najeeb Khan, a Michiana man, has been sentenced to just over eight years in prison for a check-kiting scheme that involved stealing $150 million. Khan used his payroll services firm, IOI, as a front for the bank fraud and used the proceeds to support his passion for car collecting. The government argued that Khan's self-disclosure of his crimes was motivated by fear caused by a personal health scare rather than remorse. Khan was ordered to pay over $158 million in restitution and will serve his sentence concurrently for bank fraud and attempted tax evasion.