BOSTON — A 24-year-old Saugus woman pleaded guilty in federal court Wednesday to her role in a bank-fraud scheme that included the theft of more than $300,000 from customer accounts, the U.S Attorney’s Office said.
Emeyln Clough pleaded guilty to one count of bank fraud conspiracy.
Per the U.S Attorney’s office, Clough participated in the scheme, where she and others would pay individuals to request bank withdrawals from bank customers’ accounts using falsified identification documents in the names of said customers.
Bank tellers had been recruited to accept the false documents without scrutiny and initiate the withdrawals. The fraudulently-obtained funds were negotiated through accounts at other financial institutions that were open in the names of fictitious businesses before being withdrawn.
Clough opened a fake business account using a false driver’s license and recruited a TD Bank teller to participate in the scheme. From June to November 2017, other conspirators used Clough’s bank account and the teller to obtain more than $300,000
Clough was charged on March 15, 2021.
The charge of conspiracy to commit bank fraud provides up to 30 years in prison, up to five years of supervised release and a $1 million fine.
U.S. District Court Chief Judge F. Dennis Saylor IV has scheduled sentencing for March 30, 2022.
