LARGO — Police arrested two Tampa residents April 2 after concluding a three-year investigation into a large-scale scheme to defraud involving more than $500,000 in losses.
A third suspect remains at large and a warrant has been issued for his arrest.
According to a press release from Largo police, the suspects participated in a complex scheme that defrauded local business owners and major creditors. Police say the three used fictitious information and identities to secure credit with multiple sources and then defaulted on the outstanding debt.
In at least one instance, the fraudulently obtained credit was used to boost the apparent value of a business that was then sold for an inflated price to the victims.
Marquita Bradley, 35, was booked into the Pinellas County Jail on one count of scheme to defraud and one count of cheating. Bail was set at $125,000.
Mohammed Salti, 25, also was booked into the county jail and charged with conspiracy to commit scheme to defraud. Bail was set at $500,000.
Police are searching for Faiz Salti on charges of scheme to defraud and cheating. Anyone with information about the location of Faiz is asked to contact their local law enforcement agency or call Detective Allred at the Largo Police Department at 727-587-6730. Faiz Salti was last seen driving a dark blue Bentley in the Zephyrhills area.