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City of Phoenix official website

Fraud Scheme Arrest

Hand holding check book. Pen in hand too.

On April 3rd, 2026, around 12:30 p.m. officers responded to a credit union in the area of 7th Street and Missouri Avenue regarding a theft by fraud call. The call stated a man who had recently deposited several stolen checks totaling over $103,000 was at the credit union and attempting to withdraw funds. 

Financial Crimes detectives responded and through the investigation learned that Napa Valley PD was investigating a mail theft case where numerous checks made payable to the Napa Valley Tax Collector were stolen and being passed on fraudulent accounts. 

The credit union confirmed that the suspect, Rico Jackson, recently opened a bank account in a similar name and passed five stolen checks totaling approximately $103,000.00. When Jackson arrived at the credit union on April 3rd, employees immediately called police.

Jackson was booked on 1 count of Fraudulent Schemes a Class 2 Felony and 1 count of Theft, over 25,000, a Class 2 felony.

Additional information related to this incident remains a part of the ongoing investigation.