Man accused of fraudulent schemes formally charged
YUMA, Ariz. (KYMA) - The man accused of fraudulent schemes appeared in court for the first time Friday.
37-year-old Edward Ho had formal charges filed against him for criminal impersonation, fraudulent schemes, and theft from a vulnerable adult.
Ho posed as a representative of a local bank, falsely stating that the victim's account was compromised and instructing them to transfer an estimated $25,000 through Bitcoin.
The suspect was apprehended by deputies after they coordinated a mock cash drop with a local bank.
Ho's bond is set at $100,000 with his next hearing scheduled for Friday, October 24.
