Police have arrested an allged member of a gang suspected of copying bank checks of large companies and later cashing them in a scam that earned the ring some 117,000 euros in the last ten months.

The suspect, aged 43, was arrested at a bank in Kamatero, west of Athens, earlier this month as he attempted to cash a forged check.

Police said they were notified when a staff member recognized the suspect from photos that had been distributed to banks warning of the gang’s activities.

At least seven people are believed to have participated in the scam that earned them some 117,000 euros in 24 separate transactions, police added.

The suspect arrested told police that he was supposed to pass on the money he received from the check to another man and keep 10 percent for himself.

Police are now on the trail of the other gang members.