NEWARK, N.J. – A brazen bank fraud scheme has landed an Essex County man in hot water, as Isiah J. Jordan, 27, faces charges for his role in a multi-person conspiracy to steal checks from the mail and deposit them into bank accounts controlled by his co-conspirators.
According to documents filed in this case and statements made in court, Jordan and his co-conspirators stole a business check for over $50,000 in June 2023 and altered it to deposit it into an account controlled by the conspirators. The money was then withdrawn and split among the group.
But that was just the tip of the iceberg. Jordan and his co-conspirators actively recruited other members to join the scheme, targeting individuals with long-standing bank accounts to deposit stolen checks and withdraw the funds before the bank or the victims were aware of the illegal activity.
The charges against Jordan are serious, carrying a maximum penalty of 30 years in prison and a maximum fine of $1,000,000. Jordan made his initial appearance before U.S. Magistrate Judge Leda Dunn Wettre and was released on $100,000 bond.
The investigation into Jordan’s scheme was a joint effort between the Federal Bureau of Investigation and the New Jersey State Police. Assistant U.S. Attorneys Casey S. Smith and Thomas S. Kearney will represent the government in this case.
The case against Jordan is a stark reminder of the brazen nature of white-collar crime in our community. Jordan’s alleged actions put innocent people at risk and caused significant financial harm. We will continue to hold those responsible accountable for their actions.
The charges and allegations contained in the complaint are merely accusations, and Jordan is presumed innocent unless and until proven guilty. His defense counsel is John Yauch of New Jersey.
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Key Facts
- State: New Jersey
- Agency: DOJ USAO
- Category: White Collar Crime
- Source: Official Source ↗
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