Newark Man Sentenced for Role in $250,000 Bank Fraud Scheme
Nasheed Jackson, 24, of Newark, New Jersey, was sentenced today to 24 months in prison for his role in conspiring to defraud two banks of $250,000 using stolen credit cards and blank checks, according to Acting U.S. Attorney Rachael A. Honig.
Between August 2018 and January 2020, Jackson, along with Alexander Varice, 22, and Dashawn Duncan, 27, both of South Orange, New Jersey, engaged in a scheme to use stolen credit cards or checks to make unauthorized purchases and withdraw cash from two banks.
The credit cards were stolen from facilities used by the U.S. Postal Service in Pine Brook and Warren, New Jersey, and never reached the intended cardholders. After obtaining the stolen cards, Jackson and his co-conspirators used them to make unauthorized purchases at various retail stores and to withdraw cash from automated teller machines (ATMs) in New Jersey and elsewhere.
The blank checks were also stolen from various New Jersey-based post office facilities, and never reached their intended recipients. Varice and Jackson altered the date, payee, and amount of the stolen checks prior to deposit into a third-party account so that they could manually enter the amounts that they wanted to fraudulently withdraw from a victim bank ATM.
Jackson was sentenced to 24 months in prison, followed by five years of supervised release by U.S. District Judge Susan D. Wigenton in Newark federal court. His co-conspirators, Varice and Duncan, are scheduled to be sentenced on September 7, 2021, and July 27, 2021, respectively.
Acting U.S. Attorney Honig credited postal inspectors of the U.S. Postal Inspection Service with the investigation leading to today’s sentencing. The government is represented by Assistant U.S. Attorney Blake Coppotelli of the U.S. Attorney’s Office Economic Crimes Unit in Newark.
Related Federal Cases
- CPA Barry Horrow Pleads Guilty to Bank Fraud Scheme · Pennsylvania
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- Marc Henry Menard, Investment Fraud Scheme, Mineola NY, 2023 · Puerto Rico
- Michael Esposito Charged in $1M Wire Fraud Scheme · Pennsylvania
- Eduardo Arango Chong Charged in $6M Health Care Fraud Scheme · New Hampshire
Key Facts
- State: New Jersey
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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