|Jeff Overstreet now faces 24 felony counts of fraud and money laundering|
Monday, August 13, 2012
By K.A. WAGONER - Staff Writer
A Callaway man has been indicted by a Franklin County grand jury on three additional felony charges in connection with an internet scam.
Jeffrey Lynn Overstreet, 45, was indicted Monday on two counts of obtaining money under false pretense (fraud) and one count of money laundering as more potential victims have come forward.
Overstreet was indicted in June on 13 counts of obtaining money under false pretense and eight counts of money laundering in the alleged internet scam.
"There still may be more victims of the alleged scam," said Assistant Commonwealth's Attorney Patrick Nix. "If so, the victims should call the commonwealth's attorney's office at 483-3092."
Nix said all the fraud charges are in excess of $200.
Overstreet allegedly used an online auction site between July 2008 and February 2012 to offer auto parts for late 1960s Chevrolet vehicles, Nix said.
"Essentially, the allegations are that Overstreet was offering the parts over the internet, receiving money from buyers but never sending the parts to the buyers," Nix said.
At some point, Overstreet was banned from the internet auction site, and that was when he allegedly continued the scam by using other people's names and banking accounts to transfer the money, Nix said.
Obtaining money under false pretense (fraud) is a Class 4 felony, punishable by two to 10 years in prison and a fine of up to $100,000. Money laundering carries a maximum sentence of 40 years in prison and a fine of up to $500,000.