Kavon Dupree Jackson, Bank Fraud Conspiracy, Maryland 2021

Greenbelt, Maryland

A Maryland man has pleaded guilty to a bank fraud conspiracy that used stolen checks from the U.S. Mail.

Kavon Dupree Jackson, 26, of Capitol Heights, Maryland, pleaded guilty to the bank fraud conspiracy in a federal court.

According to court documents, Jackson and a co-conspirator used a U.S. Postal Service 'arrow key' to open USPS postal boxes and steal mail. They then took the mail matter back to their residence and culled out any checks from the stolen mail.

Jackson and his co-conspirators changed the names of the payees on the checks to their names or to the names of other conspirators recruited to assist with the scheme. They then cashed the checks and immediately dissipated the funds for their own gain.

Jackson's co-conspirator used various social media accounts to advertise for persons with bank accounts at various financial institutions and offered to pay them to use their accounts to wash the stolen, counterfeited checks. In return, these 'money mules' would receive a small cut of the proceeds and Jackson and his co-conspirators would retain the rest.

The scheme resulted in more than $250,000 in losses, representing the amounts of stolen checks that were deposited into the financial institutions associated with Jackson or his co-conspirators. More than 50 victims had checks stolen from them which were later deposited into co-conspirators' accounts.

Kavon Dupree Jackson faces a maximum of 30 years in federal prison for the bank fraud conspiracy. U.S. District Judge Lydia K. Griggsby has scheduled sentencing for June 18, 2024 at 2:00 p.m.

Source: https://www.justice.gov/usao-md/pr/maryland-man-pleads-guilty-bank-fraud-conspiracy-using-checks-stolen-us-mail