This summer, we brought you a report about the “card cracking” scheme that was taking the Midwest by storm, by way of social media. Well, though denying involvement, Chicago rapper Bandman Kevo (government name Kevin Ford) and his partner/roommate Cortez Stevens, two big time card crackers, are set to plead guilty for running the scheme, according to The Chicago Tribune.
Kevo and Stevens are members of The RACK Boyz rap group, but it is believed that the crew also operates as a card cracking outfit. The Tribune details the lick:
The scheme takes advantage of the fact that banks will credit money to clients’ accounts within just a few hours of depositing a check in an ATM, even though it takes several days for the bank to receive the money.
According to a probable cause affidavit, Cortez, Ford and others would recruit people on social media and rap videos, sending them private messages talking about how they could make money.
Ford, who went by the name BandMan KEVO, wrote one person “Yo u don’t know me but we can make some cash together…”
The defendants would pay the recruits for their debit card information and PINs, which they would then use to deposit the fraudulent checks.
They would then make a small ATM withdrawal to make sure the bank had credited the money to the account before buying money orders with the debit card at stores.
The scheme allegedly enabled Kevo and others to live in the lap of luxury, with luxury cars and other items. With no work history, Kevo lived in a $4,195 a month apartment. In an interview with AllHipHop, Kevo denied claims that he was breaking the law. He said, “They still don’t have no hard evidence. They’re just saying, ‘witnesses said…’ Basically, somebody got in a jam, and I got the most money to them so they must have mentioned my name. Who knows? But it ain’t like they got me doing this or got me doing that.”
However, Kevo and Stevens have pleaded guilty to one count of conspiracy to commit bank fraud. The plea agreements were filed in the U.S. District Court in Hammond on Tuesday. Both have agreed to pay $141,919 in restitution. the money for that will come from a 2004 Audi and a 2006 Maserati that have already been seized by the feds. Both are facing up to 30 years in prison.
[S/O to STREET CERTIFIED for the tip]