A shocking case of bank fraud has come to light in New Jersey, with a 49-year-old woman sentenced to 6 years in prison for orchestrating a massive $1.7 million scheme.
Tammy L. Martinez, of South Amboy, New Jersey, was sentenced to 72 months in prison for her role in writing fraudulent business checks, announced Acting U.S. Attorney Rachael A. Honig.
Martinez, who previously pleaded guilty to an information charging her with one count of bank fraud, was sentenced by U.S. District Judge Claire C. Cecchi in Newark federal court via videoconference.
According to documents filed in the case, Martinez used her position as an office manager and bookkeeper for a New Jersey-based company to issue fraudulent checks made payable to herself or cash and forged the signature of her manager on the company checks.
The scheme, which ran from January 2014 to March 2019, resulted in losses of approximately $1.78 million.
In addition to the prison term, Judge Cecchi sentenced Martinez to 5 years of supervised release and ordered her to pay restitution of $1.78 million.
The investigation leading to Martinez’s sentencing was credited to special agents of the U.S. Attorney’s Office and the Newark Police Department.
The government is represented by Assistant U.S. Attorney Jamel Semper, Chief of the U.S. Attorney’s Office Organized Crimes and Gangs Unit.
Martinez’s case highlights the importance of vigilance in preventing and detecting financial crimes.
In a statement, Acting U.S. Attorney Honig praised the dedicated efforts of law enforcement agencies in bringing the perpetrator to justice.
Related Federal Cases
- Sato Satka, $3.7M Credit Union Bank Fraud, Lakewood NJ, 2024 · New Jersey
- Barry Horrow, Bank Fraud, PA 2023 · Washington
- Ricardo Reid, Mail and Wire Fraud Conspiracy, New Jersey 2024 · Virginia
- Michael P. Klekamp, Bank Fraud, Virginia 2024 · New York
- Derrell Lee, Identity Theft and Bank Fraud, VT 2024 · New York
Key Facts
- State: New Jersey
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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