Larios Sentenced in Bank Fraud Plot Against 28 Individuals and 20 Biz

PROVIDENCE – The grim saga of a multi-state bank fraud conspiracy has culminated in the sentencing of JJaymark Larios, 23, from Bronx, NY. The young man was sentenced by U.S. District Court Chief Judge John J. McConnell, Jr., to 24 months behind bars followed by 3 years of supervised release, and he must pay restitution totaling $93,200.

Larios’s crime: conspiracy to commit bank fraud. He pleaded guilty on March 6, 2025, a date that marks the beginning of his downfall. Another member of this malevolent syndicate, Paul Keenan, 54, also hailing from Bronx, NY, was sentenced earlier, facing the same term and release conditions after pleading guilty to conspiracy to commit bank fraud on February 27, 2025.

But this isn’t just another case of financial chicanery. The court documents show a sophisticated operation that spanned several states, targeting at least 28 individuals and 20 businesses with calculated precision. Conspirators, including Larios, hit Rhode Island, Massachusetts, New Hampshire, Vermont, Pennsylvania, New Jersey, Ohio, Maryland, West Virginia, and beyond, to execute their fraudulent plans.

Their modus operandi was chillingly methodical: They traveled across state lines in 2023 and early 2024 to recruit individuals, gather their personal data like Social Security numbers, dates of birth, and banking information – all the ingredients for a perfect crime. They even managed to obtain business names and banking details for nearly two dozen entities to create fraudulent IDs and checks.

Their brazenness knew no bounds. With these fraudulent checks, they targeted 22 banks in their bid to swindle them out of approximately $143,000, walking away with a haul of about $93,200. It’s a staggering sum that was the result of their cunning plot to victimize countless innocent parties.

Assistant United States Attorney Christine Lowell is the architect behind these convictions, while Homeland Security Investigations and the East Providence Police Department, with assistance from the Portsmouth Police Department, have been the relentless pursuers of justice. Larios’s sentence sends a stark reminder that financial fraud comes with severe consequences and that law enforcement will not rest until justice has been served.

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