BUFFALO, N.Y. (WZZM) -- A West Michigan woman is among 32 people arrested today for her involvement in a large-scale international loan fraud scheme.

Candice McGraw, 22, of Grand Rapids, is among the defendants accused of stealing $2.7 million from 2,000 people.

Authorities allege they tricked their victims into applying for unsecured loans online.

They say they made their money by having people make an initial security deposit to a non-existent bank.

McGraw and eight other suspects were arrested Tuesday in Michigan and New York.

the investigation is being conducted by the U.S. Immigration and Customs Enforcement's Homeland Security Investigations.