Investigations

On August 23, 2018, a criminal complaint was filed in U.S. District Court, Newark, New Jersey, charging Rami Zubidat with conspiracy to commit bank fraud. Later that day, Zubidat was apprehended while attempting to depart the United States for Israel.

 

The complaint alleges that Zubidat and others participated in a check-kiting conspiracy that sought to defraud Citibank, NA, and Capital One Bank out of tens of thousands of dollars. To carry out the scheme, Zubidat and his co-conspirators created numerous moving companies, including Moving Systems Corp., Global Relocation Inc., North Eastern Van Lines Corp., Jet Moving Systems Corp., Horizon Moving Systems Inc., and Integrity Moving Systems Corp. The co-conspirators initially based the moving companies in Clifton, New Jersey, and later in Moonachie, New Jersey.

 

Zubidat and his co-conspirators also allegedly opened accounts in the names of the moving companies at various Citibank and Capital One branches, wrote checks although they knew the bank accounts contained insufficient funds, deposited the checks into other accounts, and withdrew or attempted to withdraw those funds before Citibank or Capital One realized the original accounts had insufficient funds.

DOT-OIG is investigating this case with Homeland Security Investigations and the U.S. Postal Inspection Service.

 

Note: Indictments, informations and criminal complaints, are only accusations by the Government. All defendants are presumed innocent unless and until proven guilty.