Penn Hills Woman Charged In Fraud Scheme
PITTSBURGH, Pa. ‑ A resident of Penn Hills has been indicted by a federal grand jury in Pittsburgh on charges of mail fraud and wire fraud, United States Attorney David J. Hickton announced today.
The seven-count indictment named Rochelle Johnson, 33, as the sole defendant.
According to the indictment, during the period from Nov. 20, 2008 until May of 2009, the defendant obtained $819,911 from four investors to obtain loans or leased funds, and failed to do so while paying out $230,000 to third parties and retaining or spending herself the remaining $589,911.
The law provides for a maximum total sentence (on each count) of 20 years in prison, a fine of $250,000, 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 Leo M. Dillon is prosecuting this case on behalf of the government.
The United States Postal Inspection Service and the Allegheny County District Attorney's Office Investigations Unit 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.