Authorities in New Jersey have indicted 23 people on charges they allegedly posed as business account holders to steal hundreds of thousands of dollars, withdrawing most of the money from casinos in Atlantic City.

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Acting New Jersey Attorney General John Hoffman said Thursday those indicted face racketeering and other charges for allegedly stealing more than $275,000 from 14 business accounts at JP Morgan Chase Bank between February and September 2011.

Sixteen of the defendants have been arrested. Warrants have been issued for the seven still at large. Most of those indicted are from the New York City boroughs of Brooklyn and Queens. One defendant is from Reading, Pa., and one is from Roanoke Rapids, N.C.

Prosecutors say the complex scheme involved creating fraudulent accounts from which money could be withdrawn.


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