BOSTON – A brazen scheme to launder nearly $1 million in fraudulently obtained funds has landed two Everett men in hot water. Lindsley J. Georges, 27, and Dave Guillaume, 24, pleaded guilty to one count each of money laundering conspiracy in federal court yesterday.
The indictment was handed down in October 2019, and the two defendants have been awaiting sentencing. U.S. District Court Judge Allison D. Burroughs has scheduled sentencing for January 6, 2022.
According to prosecutors, co-conspirators fraudulently withdrew more than $900,000 from customer accounts at Santander Bank and TD Bank in December 2017 and January 2018. The funds were then used to purchase bank checks in the names of several entities, which were deposited into business accounts at TD Bank and Bank of America by Georges and Guillaume.
The duo subsequently made substantial withdrawals of cash and checks from those accounts. Guillaume even went so far as to open two of the business accounts using false names, as well as a fraudulent driver’s license.
The charge of money laundering conspiracy carries a sentence of up to 20 years in prison, three years of supervised release, and a fine of up to $500,000. Sentences are imposed by a federal district court judge based on the U.S. Sentencing Guidelines and other statutory factors.
Acting United States Attorney Nathaniel R. Mendell and Joseph R. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement. Assistant U.S. Attorneys Leslie A. Wright and Christopher J. Markham of Mendell’s Securities, Financial & Cyber Fraud Unit are prosecuting the case.
Georges and Guillaume’s actions demonstrate a blatant disregard for the law and highlight the importance of continued vigilance in the fight against financial crime. As our team at Grimy Times continues to uncover the truth behind these cases, we urge readers to stay informed and report any suspicious activity to the authorities.
Key Facts
- State: Massachusetts
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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