GRAND RAPIDS, Mich. (WOOD) — A Grand Rapids man allegedly wrote bad checks to buy thousands of dollars worth of postage stamps that he would then resell.
Marvin Deshawn Whetstone would get people to open checking accounts with $25. He then would get them to buy forever stamps in Michigan and Ohio with bad checks, according to federal court records.
Whetstone and his recruits bought around 2,215 rolls of stamps which he turned into cash by selling them online He allegedly sold those stamps for more than $75,000, according to the indictment.
He would also use bad checks to purchase gift cards and merchandise, the indictment said.
Whetstone is being charged with conspiracy to defraud the U.S. government, two counts of theft of government money and one count of mail fraud.
If Whetstone is convicted, he will forfeit to the government his 2005 Bentley Continental and at least $80,000. He allegedly bought the Bentley with funds obtained from the scheme.