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Counterfeit Check Scheme Lands Providence Man in Prison
A brazen bank fraud scheme orchestrated by a Providence man has landed him in a two-year federal prison stint, announced United States Attorney Zachary A. Cunha.
Julio Ariza, 27, was sentenced to 24 months on incarceration followed by three years of supervised release for his role in the scheme, which saw him obtain the bank routing and account information of unsuspecting individuals and use it to create and deposit counterfeit checks.
According to information presented to the court, Ariza recruited individuals to allow counterfeit checks to be deposited into their accounts; deposited counterfeit checks into those accounts; and aided and abetted in the withdrawal of funds from those accounts.
The scheme, which took place from approximately October 28, 2020, to November 4, 2020, resulted in the deposit of at least seven counterfeit checks, with the intent to defraud banks out of $102,694.38.
Ariza was ordered to pay restitution to banks totaling $22,976.21, which reflected the actual loss to banks due to his criminal conduct.
A co-defendant in this matter, Nestor Concepcion, 27, of Johnston, was also charged and pleaded guilty on January 21, 2022. Concepcion was sentenced on April 25, 2022, to sixteen months of incarceration to be followed by four years of federal supervised release.
The case was prosecuted by Assistant United States Attorney Ly T. Chin, and the matter was investigated by the United States Postal Inspection Service.
Key Facts
- State: Rhode Island
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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