NEW JERSEY MAN CHARGED WITH STEALING $250,000 FROM INVESTMENT ACCOUNT
BOSTON, Mass. - A New Jersey man was charged today in federal court with stealing $250,000 from a Yarmouth resident’s investment account by using a series of assumed identities and driver’s licenses.
United States Attorney Carmen M. Ortiz, Robert Bethel, Inspector in Charge of the United States Postal Inspection Service and Boston Police Commissioner Edward Davis announced today that BRYAN WELLS, 26, of New Jersey, was charged in a criminal complaint with one count of wire fraud.
The affidavit filed with the criminal complaint alleges that on or about April 14, 2010, WELLS targeted a victim identified as N.R., a Massachusetts resident who had an investment account at the Charles Schwab investment firm. The affidavit further alleges that WELLS sent Charles Schwab several fraudulent faxes that resulted in their wiring $250,000 from N.R.’s investment account to bank accounts that WELLS had set up using other fraudulently-obtained identities, all without the permission of N.R. or the others whose identities he had fraudulently assumed. WELLS was able to pose as these victims because he had obtained drivers’ licenses in their names using their dates of birth and Social Security numbers. Using these identities, WELLS withdrew some of the stolen funds from various banks.
If convicted on these charges, WELLS faces up to 20 years of imprisonment, to be followed by three years of supervised release, restitution, forfeiture, and a fine of $250,000 or twice the gain or loss, whichever is highest.
The case was investigated by the United States Postal Inspection Service and the Boston Police Department. It is being prosecuted by Assistant U.S. Attorney Scott L. Garland of Ortiz’s Computer Crime Unit.
The details contained in the complaint and affidavit are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
Giving Back to the Community through a variety of venues & initiatives.
Financial Fraud Enforcement Task Force
Making sure that victims of federal crimes are treated with compassion, fairness and respect.
Stay Connected: Visit us on Twitter