Abraham Othman Yacoub, Bank Fraud, Florida 2023

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Table of Contents

Defendant Name, Crime, State Year

Tampa, Florida – United States Attorney Gregory W. Kehoe announces that Abraham Othman Yacoub, 27, of Lakeland, has pleaded guilty to bank fraud.

According to court documents, Yacoub made dozens of fraudulent deposits and withdrawals on behalf of his companies, Visionary Auto Body LLC and Visionary Auto Care LLC, at financial institutions throughout the Middle District of Florida.

From January 2021 until February 2023, Yacoub deposited the same previously deposited checks into business banking accounts that he controlled at different financial institutions, knowing that the checks had previously been deposited and paid, causing the victim banks to credit his accounts for the amounts of the checks.

Yacoub then withdrew, transferred, or otherwise spent the funds credited to his accounts before the financial institution realized that the checks had previously been deposited.

Yacoub also drafted fraudulent business checks from closed business bank accounts in the name of Visionary Auto Body and Visionary Auto Care, knowing that those accounts had been closed and, therefore, that there were no funds remaining to cover the amount of the check he had drafted.

Yacoub has agreed to forfeit $181,540.51, the total loss to these financial institutions that Yacoub’s schemes caused. The case was investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant United States Attorney Karyna Valdes.

A sentencing date has not yet been set for Yacoub, who faces a maximum penalty of 30 years in federal prison.

This case is a stark reminder of the devastating impact of white-collar crime on our communities and the need for law enforcement to remain vigilant in pursuing those who seek to exploit our financial systems.