Mario Demarco, Bank Fraud, Rhode Island 2024

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Table of Contents

Rhode Island Man Sentenced to 33 Months in Prison for Bank Fraud

Mario Demarco, a Romanian national described in court documents as an ‘undeterred serial scammer,’ has been sentenced to nearly three years in federal prison for his role in a bank fraud scheme that left hundreds of victims in his wake.

Demarco, 30, pleaded guilty in January to a charge of conspiracy to commit bank fraud. He was sentenced on [date] by U.S. District Court Judge Mary S. McElroy to 33 months in federal prison to be followed by two years of supervised release.

Demarco was also ordered to pay restitution totaling $16,567.06. An immigration detainer has been lodged by Immigration and Customs Enforcement. Court documents reflect that Demarco traveled up and down the Northeast and Mid-Atlantic installing skimming devices on ATMs.

These devices intercepted hundreds of customers’ debit card and banking information, which Demarco used to create fraudulent debit cards. The bogus cards were then used to make unauthorized cash withdrawals, attempted withdrawals, and purchases throughout the course of the conspiracy.

Demarco installed skimming devices on at least ten ATMs and compromised at least 952 cards. He owes restitution to fifteen different banks.

The case was prosecuted by Assistant United States Attorneys Taylor A. Dean and Ly T. Chin. The matter was investigated by Homeland Security Investigations, with assistance from the Warwick, RI, Police Department, Cranston, RI, Police Department, East Greenwich, RI, Police Department, North Kingstown, RI, Police Department, East Providence, RI, Police Department, Boston, MA, Police Department, New York City Police Department, and the Stratford, CT, Police Department.

Demarco’s sentence is a significant blow to his scheme, which has left many victims financially devastated. The investigation and prosecution of this case demonstrate the commitment of law enforcement agencies to protecting the public from financial crimes.