Bloomington Company Facing Charges
(BLOOMINGTON) - A Bloomington-based corporation and several of its executives are facing charges they carried out a multi-million dollar wire fraud scheme between 1997 and 2006.
International Outsourcing Services is accused of submitting fake coupons to manufacturers throughout the country, causing those businesses to lose 250 million dollars.
First Assistant U.S. Attorney Michelle Jacobs says a grand jury indicted the nation's largest coupon clearinghouse Tuesday after reviewing FBI findings. Nine IOS executives and employees have been indicted and face up to 20 years in prison if convicted.
Jacobs says many ISO executives have already been arrested. The remaining suspects are expected to turn themselves into authorities. No trial dates have been set.
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