A Chugiak, Alaska, man is accused of using fraud to plunder family Permanent Fund dividend money from his kids' college savings accounts and spending the cash on an exotic dancer in Las Vegas, federal prosecutors said Thursday.
A federal grand jury indicted Wyatt Alan Whaley, 52, on charges of mail fraud, wire fraud and identity theft in the case, according to U.S. Attorney Karen Loeffler.
Between October 2007 and March 2008, Whaley schemed to "fraudulently obtain" money from bank accounts that belonged to his wife and two children, according to the indictment. The money was given to, or spent on, the dancer with whom Whaley had an extramarital affair, according to the feds.
Whaley took at least $36,300 from his family accounts, the indictment says.
That includes $12,300 from college savings accounts created with family dividend money as well as $24,000 from separate savings accounts Whaley's wife set up with inheritance money for herself and the kids, the indictment says.
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