A Staten Island businessman has been arrested for allegedly committing a massive bank fraud.

Prosecutors allege that 51-year-old Saquib Khan, the owner of the Richmond Wholesale Company in Charleston, wrote $82 million worth of bad checks.

According to court papers, during November and December of 2012, Khan wrote the checks to himself, then deposited them.

He would then allegedly transfer the money to another account before the checks cleared, then withdraw the money.

Khan is free on $500,000 bond.