Iowa City police charged a woman with theft after she allegedly falsely reported stolen student-loan checks. Valerie Davis, 44, 2113 Miami Drive, was charged Feb. 2 with second-degree theft and making false reports to law enforcement authorities. Davis allegedly cashed a student-loan check for $1,304.61 at Money Station, 1104 S. Gilbert St., on Sept. 10 before reporting to U.S. Bank that the check was stolen and forged, police said.U.S. Bank reissued the funds, and Davis reportedly cashed that check for the same amount on Dec. 16 at Fast Cash, 804 S. First Ave. Davis allegedly reported another stolen check on Feb. 2 to Iowa City police. She said her post office box was broken into and a check for $5,386 was stolen, forged, and cashed. The officer then spoke with a Fast Cash employee who provided the officer with a photocopy of the loan check and Davis’ ID, police said. The employee reportedly recognized Davis as the person who cashed the check. Second-degree theft is a Class D felony generally punishable by up to five years in prison and a maximum fine of up to $7,500.
