Jayne Carbone, Wire Fraud and Aggravated Identity Theft, Massachusetts 2020

A shocking case of financial exploitation has come to light in Massachusetts, with a 52-year-old Saugus woman convicted of wire fraud and aggravated identity theft.

Jayne Carbone, a 52-year-old resident of Saugus, was found guilty following a 5-day trial of four counts of wire fraud and four counts of aggravated identity theft. U.S. District Court Judge Richard G. Stearns has scheduled sentencing for February 16, 2022.

The scheme, which lasted approximately 2 years, saw Carbone defraud her elderly uncle of over $400,000. The funds were withdrawn from his retirement annuity and personal checking account, with Carbone transferring them to bank accounts held in her own name.

To conceal the scheme, Carbone provided her uncle with falsified statements for his financial accounts, which reflected inflated balances. The charge of wire fraud carries 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, a mandatory two-year sentence, will be served consecutive to any other sentence imposed. The sentences will be determined by U.S. Sentencing Guidelines and other statutory factors.

Acting United States Attorney Nathaniel R. Mendell, Joseph R. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division, and Joshua McCallister, Acting Inspector in Charge of the U.S. Postal Inspection Service, made the announcement today.

Assistant U.S. Attorneys Christopher J. Markham and James R. Drabick of Mendell’s Securities, Financial & Cyber Fraud Unit prosecuted the case.

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