Ex-Synergy CEO Arrested In $750M Bank Fraud Scheme
Mair Faibish, 52, was indicted on charges of bank fraud, conspiracy and false statements. Prosecutors claim he inflated the revenues of Syosset, N.Y.-based Synergy with a scheme that involved passing bad checks to Canadian companies and receiving bad checks in return, ultimately circulating around $750 million in phony money.
He pled not guilty...
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