PROVIDENCE, R.I. – Acting United State Attorney Richard B. Myrus announced today that a pair of superseding indictments unsealed in federal court in Providence charge eleven individuals, including three bank employees, with participating in schemes to defraud local banks by creating and depositing checks, then withdrawing bank funds prior to financial institutions discovering the fraudulent activity. The counterfeit checks contained personal account information belonging to, among others, individuals, small businesses, an insurance company, and an attorney’s office.

According to the indictments, four defendants allegedly participated in one scheme that defrauded banks for approximately one year beginning in April 2020. Seven individuals allegedly participated in an unrelated scheme that defrauded banks for approximately 14 months beginning in January 2020.

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