The defendants allegedly operated fake at-home childcare facilities in Southern California, submitting false attendance records.
Prosecutors allege that Committeewoman and former Mayor Gina LaPlaca was fraudulently placed on the ballot for the Lumberton Township Committee race.
A group that started as a musical venture transformed into an illegal operation, authorities say, and now six men are facing charges.
The disclosure came in a court filing from the financial institution.
Nathaniel Anderson is currently in federal prison after being convicted for conspiracy to commit wire fraud and bank fraud.
A Hollywood movie producer was arrested this week after federal prosecutors in Illinois charged him with defrauding investors of more than $100 million in an alleged Ponzi scheme.