Holladay man arrested for bank fraud

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(KSL News) The FBI has arrested a Holladay man for bank fraud. Agents say Shaun Morgan tried to buy nearly half of the stock ownership of Emerald Forest, Inc. with counterfeit checks.

Morgan deposited two fake checks totaling just over $1 million into a local attorney's trust account. Money was then transferred from the trust to a Zions Bank account belonging to Emerald Forest shareholders.

Zions Bank discovered the scam and called the FBI.