Two men accused of bank fraud scheme

On Behalf of | Feb 25, 2018 | Firm News, White Collar Crimes

New York residents may frequently hear reports about people who are accused of white collar crimes such as money laundering or embezzlement. Just as with any other type of criminal charge, it is always important for people to remember that every defendant is innocent until proven guilty. The often limited amount of information provided in media reports about these cases may make it difficult to think that defendants are innocent but this is always a possibility.

Today two men in New York are among those who have been arrested and charged with a white collar crime. In fact, the duo have been charged of multiple offenses including identity theft, conspiracy and federal bank fraud. The charges are the result of arrests made by the Federal Bureau of Investigation and are said to relate to transactions made over a roughly five month period of time starting November 2016 through March 2017.

Almost $70,000 in forged checks and approximately $1.5 million in illegal wire transfers are said to have been received by the two defendants. The funds were allegedly used to make bill payments to creditors including a home loan lender for at least one of the defendants. One of the two men accused of the offenses has been employed with the New York Police Department since 2001. No details about how the men will plead to the charges are known.

Upon being arrested for and accused of fraud, it may help people in New York to speak with experienced defense attorneys to understand the criminal defense system and process. 

Source: NBC New York, “NYPD Detective Faces Bank Fraud Charges,” February 13, 2018