Coraopolis Man Charged With Bank Fraud And Money Laundering In Fraud Scheme Against Dwelling House Savings And Loan
PITTSBURGH, Pa. ‑ A resident of Coraopolis, Pa., has been indicted by a federal grand jury in Pittsburgh on charges of bank fraud and money laundering, United States Attorney David J. Hickton announced today.
The 11-count indictment named Dimitri Manos, 24, as a defendant.
According to the indictment, Manos executed a scheme to defraud Dwelling House Savings and Loan (DHSL) of its assets using fraudulent Automated Clearing House (ACH) transactions. Manos opened a PayPal account and associated his DHSL bank accounts to the PayPal account. Using PayPal to initiate ACH transactions, he caused disbursements to be made from DHSL in amounts that far exceeded any balance he had in his accounts at DHSL. Those insufficient funds transactions were not rejected and reversed by DHSL personnel. Manos also used various bank and credit card accounts of others for the same purpose. The loss attributed to Manos is at least $1,044,598.69. Manos also was charged with a money laundering transaction that derived from proceeds of bank fraud.
The law provides for a maximum total sentence of 310 years in prison, a fine of $10,250,000.00, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant.
Assistant United States Attorney Paul E. Hull is prosecuting this case on behalf of the government.
The Federal Bureau of Investigation, the Internal Revenue Service and the Pittsburgh Bureau of Police conducted the investigation leading to the indictment in this case.
An indictment or information is an accusation. A defendant is presumed innocent unless and until proven guilty.