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Well, He Lost That Bet

Steven A. Knigge, 69, is recently retired from the Rapid City office of the South Dakota Department of Revenue, where he worked as a fraud investigator. He has now been indicted — for bank fraud, allegedly setting up fraudulent wire transfers with banks in Georgia, Arizona, Washington, and Texas totaling $146,400. Two were successful, netting $42,200 to Knigge’s bank accounts, prosecutors say, while three banks were suspicious enough to deny the orders. Knigge then sent $30,400 back out — mostly to Nigeria, prosecutors say. They were mum on whether Knigge was taken in by scammers there: the country is famous for taking people in by the classic “advance fee” email scam. He faces up to 95 years in prison and $1.5 million in fines. (RC/Rapid City Journal) ...Which he could easily pay if the prince comes through with the promised millions.