Bank fraud scheme nets Buffalo men prison time and supervised release.
Michael Rosier, 23, and Cody Kross-Rosier, 23, both of Buffalo, New York, were found guilty of conspiracy to commit bank fraud and bank fraud. The two men were sentenced on March 2014 by U.S. District Judge Richard J. Arcara.
According to Assistant U.S. Attorney MaryEllen Kresse, who handled the case, between January and March 2014, Rosier and Kross-Rosier conspired with others to defraud and fraudulently obtain money and funds from federally insured financial institutions. As part of the scheme, the defendants used existing bank accounts and opened new accounts at six financial institutions to obtain and attempt to obtain money, services, and merchandise totaling over $120,000.
The defendants floated checks between the accounts in an effort to prevent the financial institutions from discovering that there were insufficient funds to cover checks deposited into and written on the accounts.
The sentencing is the culmination of an investigation by the United States Secret Service, under the direction of Special Agent-in-Charge Lewis Robinson.
Michael Rosier was sentenced to 12 months in prison, while Cody Kross-Rosier received time served and three years of supervised release, including six months of home detention.
The case serves as a reminder of the consequences of engaging in financial crimes and the importance of protecting federally insured financial institutions.
Defendant’s Information:
Defendant: Michael Rosier
Criminal Charges: Conspiracy to commit bank fraud and bank fraud
City and State: Buffalo, New York
Exact Date: January-March 2014 (sentencing)
Sentence: 12 months in prison
Dollar Amount: Over $120,000
Key Facts
- State: New York
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
