Munster CPA Indicted on Bank Fraud Charges
HAMMOND, IN—The United States Attorney’s Office announced the following activity in Federal Court:
Accountant Jack Weichman, age 62, of Munster Indiana, was indicted on September 17, 2014, in the Northern District of Indiana on charges of bank fraud relating to the theft of over $600,000 from a local physician who had hired the defendant and his business, Weichman and Associates, to provide payroll and accounting services to the physician’s medical practice. The fraud scheme ran from December 2008 through October 2009. The indictment further alleges that Weichman improperly and secretly moved money out of the physician’s bank account and deposited that money into another unsuspecting physician’s account at the same bank. Weichman then withdrew those funds from the second physician’s bank account by purchasing cashier’s checks payable to himself. The indictment alleges that Weichman cashed those checks at area casinos and used the money to gamble.
Weichman was arrested and released on bond. Jury trial date is set for 11/24/2014 in the United States District Court before Chief Judge Philip P Simon.
An indictment is merely an accusation, and a defendant is presumed innocent unless and until proven guilty.
This indictment is the result of an investigation conducted by Federal Deposit Insurance Corporation, the Internal Revenue Service and the Federal Bureau of Investigation. This case is being prosecuted by Assistant United States Attorneys Diane Berkowitz and Tom Ratcliffe.