A 20-year-old Manchester man has been sentenced to prison for his role in a bank fraud conspiracy that netted over $7,100 in stolen funds.
Angel Forteza-Concepcion, 20, of Manchester, pleaded guilty on December 19, 2018, to conspiracy to commit bank fraud, a crime that carries severe penalties in New Hampshire.
According to court documents, Forteza-Concepcion, along with Ariel Mendoza, a citizen of the Dominican Republic, knowingly deposited stolen checks and money orders totaling more than $7,100 into accounts at four federally insured banks from November 2017 to February 2018.
The pair then obtained proceeds from the stolen checks and money orders by using debit cards assigned to the accounts to withdraw cash at ATMs and perform debit card transactions.
Forteza-Concepcion was sentenced to five months in prison and ordered to pay restitution in the amount of $4,055.85. Mendoza, who is serving an 18-month prison sentence, faces likely deportation to the Dominican Republic after he completes his sentence.
U.S. Attorney Scott W. Murray emphasized the importance of aggressively prosecuting those who participate in fraud schemes, saying, ‘The defendants in this scheme obtained money from multiple banks by depositing stolen checks and money orders. This type of conduct cannot be tolerated.’
The U.S. Postal Inspection Service investigated the case, with assistance from the Police Departments in Manchester and Salem, New Hampshire, and Lawrence, Massachusetts. The case was prosecuted by Assistant United States Attorney Robert M. Kinsella.
The case highlights the ongoing efforts by law enforcement agencies to protect the integrity of the banking system and prevent financial crimes in New Hampshire.
Key Facts
- State: New Hampshire
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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