BOSTON — A 26-year-old Lynn man was was sentenced to 25 months in prison and three years of supervised release on Tuesday for his involvement in a scheme to defraud a financial institution and to obtain money from its customers’ accounts using fraudulent identification documents.
Judemario Josaphat pleaded guilty to one count of conspiracy to commit bank fraud and one count of aggravated identity theft on Jan. 20 of this year, the U.S. Attorney’s office for Massachusetts said in a statement.
The scheme that Josapahat participated in and, at times, directed, used fraudulent identification documents, among other means, to withdraw money from customers’ accounts at a federally insured bank in the form of checks and cash. The funds were then deposited in other bank accounts opened in the names of fictitious business entities before being withdrawn again.
Between Dec. 2017 and Feb. 2018, Josaphat and others involved in the scheme sought to withdraw more than $800,000 from customers’ accounts, leaving the bank with losses of over $350,000.
Anthony Cammalleri can be reached at [email protected]
