Twelve people reportedly stole over $60,000 from the Iowa City MidWestOne Bank through a phony-check scam. 

According to court documents, four people were arrested this week, and eight others have yet to be charged. 

The criminal complaint states Dejuan Jamison organized a conspiracy with 11 other people to deposit $108,300 in phony checks to the MidWestOne Bank branch. The complaint alleged the group would withdraw cash from their accounts before the checks bounced, and they successfully withdrew $63,242.

Jamison was arrested on Monday on $75,000 bond. Court records show police conducted search warrants on his property multiple times and found a handgun along with cannabis, amphetamines, and other drug paraphernalia. 

RELATED: Short’s Burger and Shine ordered to close after lawsuit with MidWestOne Bank

He was arrested and charged Monday with first-degree theft, money laundering, ongoing criminal conduct, control of a firearm by a felon, forgery, and a controlled substance violation.

The complaint states Jamison was paid $21,340 by those involved in the scam.

Jamison was caught on ATM security cameras depositing forged checks into co-conspirators’ accounts seven times, according to court records.

If convicted on all counts, Jamison could face a maximum penalty of over 60 years in prison, according to Iowa code. 

The other three people arrested for the scam include Lemark Benson, Darren Richardson, and Sharetta Jamison. All are currently being held at the Johnson County Jail.