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United States Attorney's Office District of Connecticut
Press Release

February 15, 2011

HARTFORD MAN SENTENCED TO FIVE YEARS
IN FEDERAL PRISON FOR BANK FRAUD SCHEME

David B. Fein, United States Attorney for the District of Connecticut, announced that TROY MOODY, 41, of Hartford, was sentenced today by United States District Judge Janet Bond Arterton in New Haven to 60 months of imprisonment, followed by three years of supervised release, for his participation in a conspiracy to defraud Bank of America.

According to court documents and statements made in court, between April 2007 and January 2008, MOODY conspired with two Bank of America employees to steal business checks from the Bank of America lockbox processing center in East Hartford.  The employees provided MOODY with at least three checks totaling approximately $390,000 that were stolen from the lockbox.  MOODY and his co-conspirators then induced other women to register businesses in the names of the payees on the stolen business checks, open bank accounts in the names of those payees, deposit the stolen checks into the fraudulent accounts, and then to withdraw the proceeds of the stolen checks before the banks or merchants realized the checks had been stolen.

On June 18, 2010, a jury found MOODY, who had been charged by indictment, not guilty of three counts of bank fraud.  However, the jury could not reach a verdict on one count of conspiracy to commit bank fraud.  On July 6, 2010, MOODY pleaded guilty to the one count of conspiracy to commit bank fraud.

Today, Judge Arterton ordered MOODY to pay restitution in the amount of $263,215.04 to Bank of America.

A total of eight individuals, including MOODY, were charged and convicted as a result of this scheme.

MOODY has been detained since his arrest by the State Capitol Police in November 2009.

MOODY was previously involved in another bank fraud conspiracy.  On August 24, 2001, he was sentenced in U.S. District Count in Hartford to 68 months of imprisonment, followed by five years of supervised release.  He also was ordered to pay restitution in the amount of $436,361.  MOODY was on federal supervised release during the time of his most recent bank fraud activity and, in July 2010, he received an additional term of imprisonment of approximately eight months for violating the conditions of his supervised release.

This matter was investigated by the Federal Bureau of Investigation and was prosecuted by Assistant United States Attorneys David E. Novick and Paul H. McConnell.

 

CONTACT:

 

U.S. ATTORNEY'S OFFICE
Tom Carson
(203) 821-3722
thomas.carson@usdoj.gov

 

 

 

 

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