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Sean Stanley Jackson, 44, Admits to $246,349 Scam in Maryland
Baltimore, Maryland – Sean Stanley Jackson, age 44, pleaded guilty today to wire fraud and money laundering charges as the leader of a scheme to defraud auto dealers and lenders in Anne Arundel, Howard, Baltimore and Montgomery counties.
Co-defendants Erika Patrice Ryles, age 35, of Baltimore; and Walter Jermaine Perry, III, age 39, of Owings Mills previously pleaded guilty to their roles in the scheme.
According to their plea agreements, from January 2010 to February 2016, Jackson, Ryles, and Perry conspired to make false representations on loan applications to lenders in order to obtain loans to purchase vehicles from dealers, for which they were not financially qualified.
Jackson and his co-conspirators organized and registered shell entities, including The Black Group LLC, which they used to make false representations in loan applications. For example, the conspirators falsely represented that The Black Group was a legitimate, thriving business with millions of dollars in annual revenues.
To support their false representations, the defendants created fake documents, including paystubs, bank account statements, utility bills and corporate tax returns and schedules for the shell entities, which they submitted with auto loan applications, and to banks and other lenders.
Jackson admitted that on December 5, 2013, he sent a message to Ryles asking her to create a fake bank account statement showing specific deposits and balance, which she did.
Jackson and another co-conspirator, who was an elderly family member, then used the fraudulent bank statement to apply for loans on behalf of The Black Group on two different 2014 Ford F450 trucks, a Chevrolet Express Van, and a 2009 Audi A8.
After obtaining more than $246,349 to purchase the four vehicles, Jackson and the co-conspirator defaulted on the loans, causing losses to the lender.
Jackson also used The Black Group to launder proceeds he obtained from the sale of a 2012 Chevrolet Avalanche. On May 10, 2012, Jackson submitted a false loan application and obtained $63,067.38, to finance the purchase of a 2012 Chevrolet Avalanche.
Jackson continued using the vehicle, and on November 29, 2014, he went to a title shop in Maryland and presented a Mississippi title for the Avalanche which reflected that the vehicle had been sold to The Black Group on November 24, 2014, by the original owner, Thomas Mack, and that the vehicle did not have any outstanding liens.
Jackson then used the Mississippi title to obtain a Maryland MVA title on the Avalanche in the name of The Black Group, and on December 15, 2014, he sold the Avalanche to a car dealership in Maryland for $34,000, receiving a check in that amount made payable to The Black Group.
The next day, Jackson directed Perry to open two bank accounts representing that Perry owned a company called “Black Group,” and had Perry deposit the check from the sale of the Avalanche into one of the accounts.
Key Facts
- State: Maryland
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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