Four People Admit Roles in Bank Fraud Conspiracy | USAO-NJ

NEWARK, N.J. – Four individuals have pleaded guilty to conspiracy to commit bank fraud and related crimes, Acting U.S. Attorney Rachael A. Honig announced today.

Miguel Ortiz, 22, Victor Emilio Mejia Adames, 21, and Tiffany Diaz Fermin, 24, all of Paterson, pleaded guilty by videoconference before U.S. district Judge Kevin McNulty, to conspiracy to commit bank fraud. Brando Mancebo, 21, formerly of Paterson, pleaded guilty by videoconference before Judge McNulty to possession of stolen mail and conspiracy to commit bank fraud. Ortiz and Adames pleaded guilty today; Fermin and Mancebo pleaded guilty last week.

According to documents filed in this case and statements made in court:

Ortiz, Adames, Fermin, Mancebo and others conspired to break into U.S. Postal Service collection boxes in Bergen, Hudson, and Morris counties and steal mail. They agreed to fraudulently deposit stolen checks into bank accounts associated with members of the conspiracy, even though they were not payees on the checks. Members of the conspiracy then withdrew funds from those accounts.

The conspiracy to commit bank fraud charges to which Ortiz, Adames, and Fermin pleaded guilty carries a maximum term of five years in prison and a maximum fine of $250,000 or twice the gross gain to the defendant or loss to the victim, whichever is greater. The possession of stolen mail charge to which Mancebo pleaded guilty carries a maximum term of five years in prison and a maximum fine of $250,000 or twice the gross gain to the defendant or loss to the victim, whichever is greater. The conspiracy to commit bank fraud charge to which Mancebo pleaded guilty carries a maximum term of 30 years in prison and a maximum fine of $1 million, or twice the gross profit to the defendant or loss the victim, whichever is greater.

Acting U.S. Attorney Honig credited inspectors of U.S. Postal Inspection Service, under the direction of Acting Inspector in Charge Rodney M. Hopkins in Newark, with the investigation leading to the guilty pleas.

The government is represented by Assistant U.S. Attorney Katherine Calle of the Organized Crime and Drug Enforcement Task Force/Narcotics Unit in Newark.

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Author: Editor
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