States Attorney's Office District of Connecticut
|March 11, 2010||
GRISWOLD MAN INVOLVED IN BANK FRAUD SCHEME IS SENTENCED
Nora R. Dannehy, United States Attorney for the District of Connecticut, announced that KYLE SEIBERT, 21, of Griswold, was sentenced today by United States District Judge Stefan R. Underhill in Bridgeport to three years of probation, the first six months of which SEIBERT must serve in home confinement, for his role in a bank fraud scheme. On December 4, 2009, SEIBERT pleaded guilty to one count of conspiracy to commit bank fraud.
According to court documents and statements made in court, between July 2007 and March 2008, SEIBERT and Justin Edwards of Coventry stole balance transfer checks, also known as “convenience checks,” from residence mailboxes. SEIBERT, Edwards and Timothy Taylor of Mansfield then opened several bank accounts at various Connecticut financial institutions, forged the stolen checks making them payable to themselves, and deposited them into accounts they had opened. SEIBERT and Edwards then withdrew cash before the victim financial institutions discovered that the underlying deposits were fraudulent.
Through this scheme, SEIBERT and his co-conspirators deposited approximately $188,454 in fraudulent checks and were successful in defrauding the victim banks of $89,082.
Edwards and Taylor also pleaded guilty to charges stemming from their involvement in this scheme. On March 9, 2010, Edwards was sentenced to 33 months of imprisonment. Taylor was sentenced to three years of probation on January 5, 2010.
All three defendants are jointly and severally liable for payment of $89,082 in restitution to the victim banks.
This case was investigated by the United States Postal Inspection Service and the United States Secret Service. The case was prosecuted by Assistant United States Attorney Paul H. McConnell.
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