An Edwardsburg man allegedly caused the loss of 150-million dollars

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(Photo Suppled/Pixabay)

An Edwardsburg man allegedly caused the loss of 150-million dollars.

And now, he’s being charged for fraud. Officials say that 69-year-old Najeeb Khan would write checks and make wire transfers for money that he did not have.

The US attorney’s office says that Khan used to money to grow his payroll processing business in Elkhart.

It is known as “check-kiting.”

He also used it to buy cars, planes, and vacation homes.

Khan is charged with bank fraud and attempted tax.

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