WASHINGTON – Michael Drummond, 35, of Hyattsville, Maryland, pleaded guilty today to a federal charge of conspiracy to commit bank fraud for his role in a scheme in which Wells Fargo Bank customers lost $124,000 from their accounts. According to the government’s evidence, the participants in the scheme attempted to steal another $80,000 from the bank’s customers, but the bank detected that fraud and stopped the loss.
The announcement was made by U.S. Attorney Matthew M. Graves and Wayne A. Jacobs, Special Agent in Charge of the FBI’s Washington Field Office Criminal Division.
Drummond pleaded guilty in the U.S. District Court for the District of Columbia. The Honorable Royce C. Lamberth scheduled sentencing for May 13, 2022. Under federal sentencing guidelines, Drummond faces a likely range of 27 to 33 months in prison, a restitution order, and a fine of up to $60,000. He also has agreed to pay $124,000 in a forfeiture money judgment.
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