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Nilo Arnaldo Pena Delgado, 32, Charged with Bank Fraud
A Buffalo man has been arrested for cashing counterfeit and altered checks at local banks and credit unions, according to the U.S. Attorney’s Office.
Nilo Arnaldo Pena Delgado, 32, was charged with four counts of bank fraud, which carries a maximum penalty of 30 years in prison and a $1,000,000 fine.
According to the indictment, Delgado cashed four counterfeit or altered checks at financial institutions in the Western New York area, including a check in the amount of $21,500.05, payable to the defendant, drawn on an ESL Federal Credit Union checking account owned by Victim 1.
The other checks cashed by Delgado included a check in the amount of $2,853.20, payable to the defendant, drawn on a Lake Shore Savings Bank checking account owned by Victim 2; a check in the amount of $3,613.83, payable to the defendant, drawn on a Lake Shore Savings Bank checking account owned by Victim 3; and a check in the amount of $2,713.81, payable to the defendant, drawn on a KeyBank checking account owned by Victim 4.
Totaling to $30,680.89, Delgado victimized four businesses in the process.
The defendant was arraigned this afternoon before U.S. Magistrate Judge H. Kenneth Schroeder and is being detained.
The investigation was conducted by the United States Postal Inspection Service, Boston Division, under the direction of Inspector-in-Charge Joseph W. Cronin, with assistance from the Genesee County Sheriff’s Office and the Town of Tonawanda Police Department.
The fact that a defendant has been charged with a crime is merely an accusation and the defendant is presumed innocent until and unless proven guilty.
Key Facts
- State: New York
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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