Linval Jackson, Bank Fraud, Massachusetts 2024

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Table of Contents

Boston Man’s $3M Bank Heist Exposed

A brazen bank fraud scheme has been uncovered in Boston, netting a Queens, NY man $3 million in COVID relief tax credits. Linval Jackson, 32, was arrested and charged with bank fraud, bank fraud conspiracy, and aggravated identity theft.

According to investigators, Jackson and his alleged co-conspirator, Isaiah Aaron Tenryk, used a fraudulent driver’s license and the identity of a corporate executive in New Jersey to open a bank account in Boston. Tenryk deposited a $3 million Employee Retention Tax Credit (ERTC) check into the account, which was payable to the executive’s company.

The ERTC is a refundable tax credit for businesses that had employees and were adversely affected by the COVID-19 pandemic. After the check was deposited, Jackson allegedly attempted to link the fraudulent account to other bank accounts he controlled to transfer the stolen money.

Linval Jackson and Tenryk’s alleged scheme has left many wondering how they were able to carry out such a brazen heist. The two men are accused of using the stolen identity of a corporate executive to open a bank account and deposit a large sum of money.

The charges of bank fraud and bank fraud conspiracy each provide for a sentence of up to 30 years in prison, five years of supervised release, and a fine of up to $1 million. The charge of aggravated identity theft provides for a mandatory two-year sentence in prison to be served consecutive to any sentence imposed, one year of supervised release, and a fine of up to $250,000.

Assistant U.S. Attorney Kriss Basil is prosecuting the case, which was announced by Acting United States Attorney Joshua S. Levy, Harry Chavis, Jr., Special Agent in Charge of the Internal Revenue Service’s Criminal Investigation Division, Boston Field Office, and Ketty Larco Ward, Inspector in Charge of the U.S. Postal Inspection Service, Boston Division.

The details contained in the charging documents are allegations, and the defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.