Jury Convicts Man in Federal Court In Las Vegas for Elaborate Bank Fraud Scheme
Las Vegas, Nev. - Daniel G. Bogden, United States Attorney for the District of Nevada, and Ellen B. Knowlton, Special Agent-in-Charge of the Federal Bureau of Investigation (FBI) for Nevada, announced that MYLES STANLEY JACKSON, a Las Vegas resident, was convicted in U.S. District Court in Las Vegas on Friday, October 18, 2002, of Conspiracy, Mail Fraud, Wire Fraud, Bank Fraud, and Aiding and Abetting. After deliberating only two hours, the jury found JACKSON guilty of all counts named against him in an eight-count Superseding Indictment returned on July 24, 2002. Trial began in the case on Tuesday, October 15, 2002.
According to the court records, the principal object of the conspiracy was to make unauthorized withdrawals from victims' bank accounts for the purpose of obtaining cash, gold coins, and computers. JACKSON is the only defendant thus far charged in the conspiracy. Beginning no later than May 2001, and continuing through approximately April 12, 2002, JACKSON and co-schemers used false and fictitious names of individuals and businesses to open bank accounts in Las Vegas, Nevada, and New Haven, Connecticut, and to procure commercial mailbox, executive office, and cellular telephone services. JACKSON and his co-schemers fraudulently obtained identifying information for the victims, including bank account numbers, addresses, and social security numbers, and used that information to make unauthorized withdrawals from the victims' bank accounts. JACKSON and his co-schemers established internet banking services in the names of bank customers and requested that the bank issue checks for payment to merchants for the purchase of gold coins and computers. JACKSON and his co-schemers, through the false impersonation of a bank customer, attempted to transfer funds from a customer's account to a precious metals business from which they intended to purchase gold coins, and they obtained counterfeit and forged checks drawn on the victims' bank accounts which they later negotiated. As a result of JACKSON's conduct, unauthorized withdrawals from the bank accounts of a least seven victims were made. The actual loss to the victims was $90,060; however, JACKSON and his co-schemers attempted to steal another $551,239 from other bank accounts, but their efforts were foiled by bank security and the FBI.
JACKSON is facing up to five years in federal prison and a $250,000 fine for each count of conviction. The defendant will also be required to pay restitution to the victim(s) of the frauds. The actual sentence will be dictated by the United States Sentencing Guidelines, which take into account a number of factors and will be imposed at the discretion of the Court. JACKSON is scheduled to be sentenced in January 2003, before U.S. District Court Judge Larry R. Hicks.
The prosecution was the result of an investigation by Special Agents of the FBI. The case was prosecuted by Assistant U.S. Attorneys Margaret Stanish and Crane Pomerantz.