Jayne Carbone, Wire Fraud and Aggravated Identity Theft, Massachusetts 2019

BOSTON, MA – In a shocking case of family betrayal, Jayne Carbone, 52, of Saugus, Massachusetts has been indicted on four counts of wire fraud and four counts of aggravated identity theft. Carbone allegedly stole over $400,000 from her elderly uncle, whose personal finances she managed.

According to the indictment, between approximately January 2017 and September 2018, Carbone fraudulently withdrew funds from her uncle’s brokerage account and transferred funds from his personal checking account to bank accounts held by Carbone and members of her immediate family for personal use. To further and conceal the scheme, Carbone allegedly provided her uncle with falsified statements for his accounts reflecting inflated balances.

The charge of wire fraud provides for a sentence of up to 20 years in prison, up to three years of supervised release, and a fine of up to $250,000 or twice the gross gain or loss from the offense. The charge of aggravated identity theft carries a mandatory sentence of two years in prison to be consecutive to any other sentence imposed, up to one year of supervised release, and a fine of up to $250,000 or twice the gross gain or loss from the offense.

Carbone was arrested in December 2019 and will face trial for her alleged crimes. The indictment serves as a reminder of the importance of family members and caregivers being honest and transparent when managing the finances of vulnerable individuals.

The details contained in the indictment are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

BOSTON – United States Attorney Andrew E. Lelling, Joseph R. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Field Office, and Joseph W. Cronin, Inspector in Charge of the U.S. Postal Inspection Service, made the announcement today. Assistant U.S. Attorney Leslie A. Wright of Lelling’s Securities and Financial Fraud Unit is prosecuting the case.