PROVIDENCE, R.I. – A Providence man has been charged in federal court based on allegations that he orchestrated schemes to defraud Rhode Island businesses and a Massachusetts foundation of tens of thousands of dollars by depositing fraudulent checks drawn on the entities and quickly withdrawing the funds before it was determined by the banks that the checks were bogus, announced Acting United States Attorney Richard B. Myrus.

The government has alleged that Rachon Waite, 31, known to some as “RJ,” 31, made social media solicitations seeking persons willing to provide him with their debit cards and personal identifying number (PIN), and/or access to their bank accounts so that he could deposit fraudulent checks as part of the scheme, promising to pay them for the use of this account information.

Waite made an initial appearance in federal court this afternoon, charged by way of a federal criminal complaint with wire fraud, bank fraud, access device (ATM) fraud, and aggravated identity theft.

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