"Victor Kolawole and Keith Wainaina pleaded guilty to bank fraud, conspiracy to commit bank fraud, and conspiracy to commit money laundering, facing significant prison time."
"The scheme involved accessing customer information and using impostors to withdraw money from banks, resulting in over $1 million in fraudulent transactions."
"Kolawole deposited approximately $373,000 in fraudulent checks, while Wainaina deposited or attempted to deposit more than $762,000 in similar checks."
Victor Kolawole and Keith Wainaina pleaded guilty to bank fraud and conspiracy charges. They were part of a scheme that began in December 2022, defrauding banks in Massachusetts, Connecticut, and Rhode Island. Phalentz Vernot, who accessed customer information, facilitated the fraud by using impostors to withdraw money. Kolawole and Wainaina produced fake IDs and withdrew large sums, depositing over $1 million in fraudulent checks. They face up to 30 years in prison and significant supervised release.
Read at Boston.com
Unable to calculate read time
Collection
[
|
...
]