A person who orchestrated a scheme to steal over $1 million from banks has been sentenced to 5 years behind bars.
In a brand new press release, the U.S. Division of Justice (DOJ) says that Oliver Tejada, 25, of the Bronx, New York, has been handed a 60-month jail sentence for masterminding a scheme that stole money from 11 completely different financial institution branches, 10 of which have been situated within the Japanese District of Pennsylvania.
Authorities say that Tejada and his co-conspirators stole greater than $1 million from 23 victims, although in some situations the banks caught on and reversed their transactions, ensuing within the banks shedding a complete of $780,837.
To drag off their scheme, Tejada and his co-conspirators would goal the aged and different victims to acquire their non-public checking account data, make calls to banks to collect extra details about their targets, then use an impostor with fraudulent paperwork, resembling a pretend ID, to return in to numerous branches and make massive withdrawals or wire transfers.
The transfers can be despatched to an account of somebody who was recruited to obtain the cash and shortly deplete the account.
In some situations, the imposter would use the pretend identification paperwork to acquire a debit card.
Tejada was initially charged in Could 2024, and he pleaded responsible earlier this 12 months to conspiracy to commit financial institution fraud, financial institution fraud and aggravated id theft.
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