Jayne Carbone, Wire Fraud, Massachusetts 2023

Saugus Woman Charged with Wire Fraud

BOSTON, MA - May 12, 2023 - Jayne Carbone, a 52-year-old Saugus woman, was arrested and charged with wire fraud in connection with a scheme to defraud her elderly uncle of his life's savings.

According to the U.S. Attorney's Office, between approximately December 2016 and September 2018, Carbone allegedly stole at least $400,000 from her uncle, whose personal finances she managed. She fraudulently withdrew funds from his brokerage account and transferred those funds into bank accounts held by Carbone and members of her immediate family for personal use.

To further conceal the scheme, Carbone allegedly provided her uncle with falsified statements for his accounts reflecting inflated balances.

The charge of wire fraud carries a sentence of up to 20 years in prison, three years of supervised release, and a fine of up to $250,000 or twice the gross gain or loss from the offense.

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.

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

Source: https://www.justice.gov/usao-ma/pr/saugus-woman-charged-wire-fraud