Wire Fraud Scheme Exposed: Saugus Woman Convicted
BOSTON, MA – A Saugus woman has been convicted of a brazen scheme to defraud her elderly uncle of his life’s savings.
Jayne Carbone, 52, was convicted following a 5-day trial of four counts of wire fraud and four counts of aggravated identity theft.
Between approximately January 2017 and September 2018, Carbone stole over $400,000 from her elderly uncle, whose personal finances she managed.
She fraudulently withdrew funds from his retirement annuity and transferred funds from his personal checking account to bank accounts held by Carbone. To conceal the scheme, Carbone provided her uncle with falsified statements for his financial accounts reflecting inflated balances.
Carbone was indicted in February 2020 and is set to be sentenced on February 16, 2022. She faces up to 20 years in prison for wire fraud, 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.
She also faces a mandatory sentence of two years in prison 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 for aggravated identity theft.
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.
Key Facts
- State: Massachusetts
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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