Isaac Aaron Tenryk, Bank Fraud and Identity Theft, Massachusetts 2024

Brooklyn Man Pleads Guilty to $3 Million Tax Relief Scheme

BOSTON, MA - A Brooklyn, N.Y. man pleaded guilty to bank fraud and identity theft in connection with a scheme to steal over $3 million in COVID relief tax credits. Isaac Aaron Tenryk, 28, used a fraudulent driver’s license and the name and Social Security number of a corporate executive in New Jersey to open an account at a bank in Boston.

Tenryk deposited an approximately $3 million Employee Retention Tax Credit check into the fraudulent account, payable to the corporate executive’s company. The charge of bank fraud provides for a sentence of up to 30 years in prison, five years of supervised release and a fine of up to $1 million.

The charge of aggravated identity theft provides for a mandatory two years in prison in addition to any sentence imposed on the bank fraud charge, one year of supervised release and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

Isaac Aaron Tenryk was arrested in May 2024 and is scheduled to be sentenced on December 12, 2024. Tenryk’s scheme was uncovered by law enforcement officials, who worked together to bring him to justice.

The case was prosecuted by Assistant U.S. Attorney Kriss Basil of the Securities, Financial & Cyber Fraud Unit. Acting United States Attorney Joshua S. Levy, Harry Chavis, Jr., Special Agent in Charge of the Internal Revenue Service’s Criminal Investigation Division, Boston Field Office, and Ketty Larco Ward, Inspector in Charge of the U.S. Postal Inspection Service, Boston Division made the announcement today.

Tenryk faces a total of up to 32 years in prison, six years of supervised release and fines of up to $1.25 million. The investigation is ongoing and anyone with information is urged to contact the authorities.

Source: https://www.justice.gov/usao-ma/pr/brooklyn-man-pleads-guilty-bank-fraud-and-identity-theft