BOSTON – A Weymouth man pleaded guilty yesterday to his involvement in a scheme to defraud a financial institution and to obtain money from its customers using fraudulent identification documents.
Judemario Josaphat, Jr., 26, pleaded guilty to one count of conspiracy to commit bank fraud and one count of aggravated identity theft. U.S. District Court Judge Denise J. Casper scheduled sentencing for May 4, 2022. Josaphat was charged with an alleged co-conspirator on Feb. 4, 2021.
Josaphat participated in and, at times, directed a scheme to defraud a financial institution. To carry out the scheme, Josaphat and others used fraudulent identification documents, among other means, to withdraw money from customers’ accounts at a federally-insured bank in the form of checks and cash. The fraudulently-obtained funds were then deposited in other bank accounts opened in the names of fictitious business entities before being withdrawn. The scheme resulted in over $800,000 in losses between December 2017 and February 2018.
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