Authorities in New Jersey have indicted 23 people on charges they allegedly posed as business account holders to steal hundreds of thousands of dollars, withdrawing most of the money from casinos in Atlantic City.

Those indicted face racketeering and other charges for allegedly stealing more than $275,000 from 14 business accounts at JP Morgan Chase Bank between February and September 2011, Acting New Jersey Attorney General John Hoffman announced Thursday.

Sixteen of the defendants have been arrested. Warrants have been issued for the seven still at large. Most of those indicted are from the New York City boroughs of Brooklyn and Queens, although one defendant, Raymond Springs, 50, is from Reading.

Springs is charged only in relation to the alleged counterfeit check scheme, said prosecutors, adding that the other 22 defendants are charged in connection with the larger bank fraud scheme

Prosecutors said the complex scheme involved creating fraudulent accounts from which money could be withdrawn.