A Rhode Island man has been sentenced to 60 months in federal prison for masterminding an elaborate conspiracy to defraud two Rhode Island banks of nearly $600,000, by using stolen personal identifying information of several unsuspecting individuals.
David Alcantara, 33, of Warwick, was sentenced to 60 months in federal prison for his role in the conspiracy, which also involved passing counterfeit $100 bills into real American dollars by making small retail purchases with bogus $100 bills and receiving cash back in Rhode Island, Massachusetts, and Connecticut.
According to the government’s evidence presented at trial, in December 2009 and January 2010, Alcantara’s schemes resulted in the transfer of over $600,000 from bank accounts of legitimate bank customers into accounts fraudulently created with the use of several individuals’ stolen identities. Money was then withdrawn from the fraudulent accounts in the form of cashier’s checks.
In one scheme, Alcantara was responsible for the use of stolen identifying information belonging to a small business owner in Harrisburg, Pennsylvania, to affect in Rhode Island the transfer of $250,000 from the company’s business account into a newly opened fraudulent bank account. The account was opened using stolen identifying information of an individual who is deceased.
Alcantara was convicted of conspiracy to commit bank fraud, eight counts of aggravated identity theft, and conspiracy to pass counterfeit money. He has been detained since the date of his conviction.
The case was prosecuted by Assistant U.S. Attorneys Sandra R. Hebert and Lee H. Vilker.
Contact Jim Martin at (401) 709-5357 or USARI.Media@usdoj.gov for more information.
Related Federal Cases
- Fernando Diaz, Conspiracy to Commit Bank Fraud, Rhode Island 2022 · U.S. Virgin Islands
- George L. Wilson, Passport Fraud, Rhode Island 2024 · U.S. Virgin Islands
- Octavio Andres Difo-Castro, Wire Fraud and Aggravated Identity Theft, Rhode Island 2021 · Kentucky
- Mackenzy Scott, Fraud, Rhode Island 2021 · Kentucky
- Bryan James, Romance Fraud, Rhode Island 2025 · Kansas
Key Facts
- State: Rhode Island
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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