A Fort Lauderdale federal jury delivered a guilty verdict for Elaine Escoe, 39, of Delray Beach, Florida, for her role in a brazen wire fraud scheme.
According to court documents, Escoe submitted altered bank statements in support of an application for a business line of credit, obscuring the true name of the bank account and inflating cash balances.
Escoe’s deceitful tactics were designed to fool the lender into approving a loan, but the scheme ultimately unraveled as authorities closed in.
The U.S. Department of Justice, in partnership with the FBI Miami Field Office, led the investigation into Escoe’s activities, uncovering a trail of forged documents and misrepresentations.
Assistant U.S. Attorneys Jonathan Bailyn and Katie L. Sadlo prosecuted the case, with Assistant U.S. Attorney Marx Calderon handling asset forfeiture proceedings.
U.S. Attorney Markenzy Lapointe and Special Agent in Charge Jeffrey B. Veltri announced the conviction, which carries a maximum sentence of 20 years in prison.
A sentencing hearing is scheduled for August 14 before U.S. District Judge Melissa Damian, who will determine Escoe’s sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
The public is encouraged to review related court documents and information on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov under case number 24-CR-80010.
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Key Facts
- State: Florida
- Agency: DOJ USAO
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: Official Source ↗
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