Pittsburgh Man Pleads Guilty in Bank Fraud Conspiracy
PITTSBURGH, Pa. - A resident of Pittsburgh, Pa., pleaded guilty in federal court to a charge of conspiring to commit bank fraud, United States Attorney David J. Hickton announced today.
Douglas McArthur, 39, pleaded guilty to one count before Senior United States District Judge Alan N. Bloch.
In connection with the guilty plea, the court was advised that McArthur conspired with co-defendant Marco Dane Crowe to unlawfully electronically transfer approximately $154,000 in funds belonging to a Citizens Bank account holder into an account opened by McArthur.
Judge Bloch scheduled sentencing for Jan. 5, 2012. The law provides for a total sentence of five years in prison, a fine of $250,000 dollar amount, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offense and the criminal history, if any, of the defendant.
Pending sentencing, the court continued McArthur's bond.
Assistant United States Attorney Gregory C. Melucci is prosecuting this case on behalf of the government.
The United States Postal Inspection Service and United States Secret Service conducted the investigation that led to the prosecution of McArthur.