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Justice News

Department of Justice
U.S. Attorney’s Office
District of Minnesota

FOR IMMEDIATE RELEASE
Wednesday, December 14, 2011

Minneapolis Man Pleads Guilty To Conspiring To Commit Bank Fraud And Aggravated Identity Theft

MINNEAPOLIS—Earlier today in federal court in St. Paul, a 41-year-old Minneapolis man
pleaded guilty to stealing the personal information of investors from a Minneapolis-based
financial services company and passing that information onto others who used it to make
purchases against the victims’ accounts. Riccardo Shcares Box pleaded guilty to one count of
bank fraud conspiracy and one count of aggravated identity theft. Box, who was charged on
November 4, 2011, entered his plea before United States District Court Judge Richard H. Kyle.

In his plea agreement, Box admitted that from March of 2008 through November of 2009,
he conspired with others to commit bank fraud and aggravated identity theft. Box was
employed at a financial services company and had access to the personal and financial
information of its customers. His job included assisting new customers with transferring their
accounts from other financial institutions. Box admitted providing data to his co-conspirators,
who would then obtain credit cards with the stolen information and, subsequently, make
purchases with those cards. Box also admittedly accessed a system involving a second group of
customers and passed that data on to his co-conspirators too. In total, more than ten victims had
information stolen, resulting in actual losses of at least $184,459.09 and attempted losses of at
least $22,140.00.

For his crimes, Box faces a potential maximum penalty of 30 years in prison for bank fraud
and a mandatory minimum penalty of two years for aggravated identity theft. Judge Kyle will
determine his sentence at a future hearing.

On November 15, 2010, co-conspirator Demetrius Thomas pleaded guilty to one count of
conspiracy to commit bank fraud. On May 18, 2011, co-conspirator Kanetra Range was
sentenced to 42 months in prison on one count of conspiracy to commit bank fraud.
These cases are the result of an investigation by the U.S. Postal Inspection Service
(“USPIS”), the St. Paul Police Department, the Edina Police Department, the St. Louis Park
Police Department, and the Minnesota Financial Crimes Task Force.

The Financial Crimes Task Force was established pursuant to state law. It is comprised of
local, state, and federal law enforcement investigators who work to combat the growing trend of
cross-jurisdictional financial crimes. The Task Force is overseen by an advisory board, also
created pursuant to state law.

The USPIS and the Minnesota U.S. Attorney’s Office want to remind people to protect
themselves from identity theft. For more information, visit
http://www.justice.gov/criminal/fraud/websites/idtheft.html

 

 

Updated April 30, 2015