Xue Fang Cheng, 55, of New York, was arrested today after a federal grand jury in the Eastern District of New York returned an indictment on Oct. 23 charging Cheng with providing illegal check cashing services.According to court documents, Cheng was an owner of a New York convenience store that provided unlicensed check cashing services to at least three individuals, including a social adult day care center owner and an undercover law enforcement agent. Cheng directed that checks be deposited in business bank accounts held by various companies and controlled by others, and she provided cash to her customers
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