A Bahamian businessman has been indicted on 23 count of fraud by United States authorities. If convicted Rudolph Kermit “Rudi” King faces a statutory maximum penalty of 20 years in prison for each count of mail fraud and wire fraud, plus fines and restitution, and a consecutive two years in jail for each count of aggravated identity theft in a scheme to defraud.
Mr King, 46, of Nassau, denies he has ever been involved in fraud. According to the indictment Mr King created bogus corporations that he then used to create merchant accounts with credit card processors. Investigations by the US Secret Service and US Postal Inspection Service led to the indictments.