A Brooklyn man faces up to 20 years in prison after pleading guilty to a charge of conspiracy to commit wire fraud in federal court. William Sarfo, 42, entered a guilty plea before United States District Judge David S. Cercone on December 21, 2015.
According to court documents, Sarfo allowed bank accounts in his name and under his control to be used as repositories for fraudulently obtained federal tax refunds. He would then withdraw the refunds, keeping a portion for himself and giving the remainder to another co-defendant.
Assistant United States Attorney Christian A. Trabold is prosecuting the case on behalf of the government.
The Federal Bureau of Investigation and the Internal Revenue Service, Criminal Investigation conducted the investigation that led to Sarfo’s prosecution.
Sarfo’s guilty plea comes after a thorough investigation into the wire fraud conspiracy. If convicted, he faces a maximum sentence of 20 years in prison, a maximum fine of $250,000 or twice the amount of loss to the victims, or both.
The sentencing hearing is scheduled for December 21, 2015 at 2:15 p.m.
The law provides for a maximum total sentence of 20 years in prison, a maximum fine of $250,000 or twice the amount of loss to the victims, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.
Related Federal Cases
- Christopher Furman, Wire Fraud and Money Laundering, Pennsylvania 2024 · Pennsylvania
- Donald Smith, Wire Fraud, Pennsylvania 2019 · Pennsylvania
- Christopher Furman, Wire Fraud and Money Laundering, Pennsylvania 2024 · Pennsylvania
- Christopher Furman, Wire Fraud and Money Laundering, Pennsylvania 2009 · California
- Shirley Weimer, Conspiracy to Commit Wire Fraud, Iowa 2014 · Iowa
Key Facts
- State: Pennsylvania
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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