St. Louis man pleads guilty to bank fraud

On behalf of The Marks Law Firm, L.L.C. posted in Fraud on Friday, May 18, 2012

Earlier this month, a St. Louis man pleaded guilty to crimes that are a violation of federal criminal law. The specific charges to which he pleaded guilty include conspiracy to commit bank fraud, bank fraud and aggravated identity theft.

The man’s plot involved an attempt to trick U.S. Bank into transferring him $180,000. His plan involved his friend who was employed by U.S. Bank and worked at the St. Louis bank branch.

According to authorities, the man’s accomplice would take information from the bank regarding high profile clients. He would hand over names, email addresses and account information. Then, in June, the St. Louis man contacted U.S. Bank and pretended to be one of these bank customers. He requested that the bank transfer him $180,000.

However, the U.S. Bank customer became suspicious of the activity and alerted the authorities. When the St. Louis man requested the money, authorities arrested him.

In cases such as this one, the sentencing often depends on whether the accused has a previous criminal background. If they do, it will also depend on the nature of the crimes.

At the time this crime was committed, the man was on supervised release for a gun crime. He had previously committed a felony and was found in possession of a firearm. He also committed identity theft in 2006 and then violated his supervised release.

This is somewhat of an extensive criminal background. However, the St. Louis man had a criminal defense attorney who negotiated his sentencing with an assistant U.S. attorney. They decided he will serve a five-year prison sentence with up to 18 months in a halfway house after he completes his sentence.

Source: STL Today, “St. Louis man admits $180,000 armored car scam,” Robert Patrick, May 4, 2012