PHOENIX -- An Arizona woman who once ran a charity organization has been indicted on charges of bank fraud, wire fraud, aggravated identity theft and money laundering.
Federal prosecutors say 55-year-old Farzaneh Akhavi, of Gilbert, pleaded not guilty to all 82 counts Monday. Her trial is scheduled for Oct. 7.
Akhavi was owner and president of the California-based Cyrus Society, which had its charitable classification revoked by the Internal Revenue Service in 2011.
Prosecutors say Akhavi befriended an unidentified brother and sister in 2008 and entered into a business partnership.
They say Ahkavi fraudulently obtained a $211,000 mortgage and a $37,000 car loan in one of the victim's names.
She allegedly took more than $1 million from the other victim under false pretenses and used money from both to buy Arizona land.