MINNEAPOLIS, Minnesota – A Minneapolis man has been charged with Conspiracy to Commit Bank Fraud, Aggravated Identity Theft, and Possession with Intent to Distribute Methamphetamine.
Jason Maurice Fagin, age 38, was indicted on May 9, 2017, by a federal grand jury for his alleged involvement in a scheme to defraud financial institutions using the personal identifying information of other individuals.
According to the indictment, between September 2016 and November 16, 2016, Fagin engaged in a scheme to defraud financial institutions while using the personal identifying information of other individuals. Fagin would use the proceeds of the fraud scheme to purchase methamphetamine for his use and to distribute to others for money.
The maximum penalties upon conviction for each count are as follows: Conspiracy to Commit Bank Fraud has a penalty of up to 20 years of imprisonment and/or a $1,000,000 fine; Aggravated Identity Theft requires a mandatory 2 years of imprisonment, to be served consecutively to any term of imprisonment for the Conspiracy to Commit Bank Fraud offense; and Possession with Intent to Distribute Methamphetamine has a penalty of up to 20 years of imprisonment and/or a $1,000,000 fine.
The charges are merely accusations, and Fagin is presumed innocent until and unless proven guilty. He is currently being held in Minnesota and will make his initial appearance in South Dakota in the near future.
The investigation is being conducted by the Federal Bureau of Investigation, the Flandreau Police Department, and the Flandreau Sioux Tribe’s Police Department. Assistant U.S. Attorney Jeremy R. Jehangiri is prosecuting the case.
Fagin’s case is a prime example of the ongoing threat of bank fraud and methamphetamine distribution in our communities. The Grimy Times will continue to follow this case and bring you updates as more information becomes available.
Key Facts
- State: South Dakota
- Category: Drug Trafficking|Fraud & Financial Crimes|Violent Crime
- Source: DOJ Press Release â†â€â€
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