PORTLAND, Ore. (AP) — A former Oregon man has been sentenced to two years in federal prison for a bank fraud scheme that began in Seattle, moved to Portland and ended in Colorado.
Federal prosecutors said 37-year-old Bryan Domagalski, formerly of Beaverton, ran a “check-kiting” scheme from 2006 to 2008 that victimized several Portland-area banks and credit unions.
Prosecutors said Domagalski and a co-defendant opened at least 25 bank accounts at financial institutions and then wrote checks on one account to artificially inflate the balance of other accounts.
The pair quickly withdrew money from the inflated accounts before the banks had time to discover that all of the accounts were worthless. Losses were estimated at $84,000.
