Judge Gives Coraopolis Woman Lengthy Prison Term For Defrauding Savings And Loan
PITTSBURGH, Pa. - A resident of Coraopolis, Penn., has been sentenced in federal court to 150 months in prison on her conviction of bank fraud and money laundering, United States Attorney David J. Hickton announced today.
Senior United States District Judge Alan N. Bloch imposed the sentence on Elexa Manos-Becton, 43.
According to information presented to the court, Manos-Becton executed a scheme to defraud Dwelling House Savings and Loan (DHSL) of its assets using fraudulent ACH transactions. Manos-Becton opened a PayPal account and associated her DHSL bank accounts to the PayPal account. Using PayPal to initiate ACH transactions, she caused disbursements to be made from DHSL in amounts that far exceeded any balance she had in her accounts at DHSL. Those insufficient funds transactions were not rejected and reversed by DHSL personnel. The loss attributed to Manos-Becton is $2,466,018.86. The court was advised that Manos-Becton taught other persons about "the glitch" in Dwelling House's bank procedures which allowed non-sufficient ACH transaction to be processed.
After imposing sentence, Judge Bloch said that Manos-Becton had spent her lifetime "stealing" and described her criminal conduct as "endless." He said her fraudulent conduct and her effort to tell others about the banking glitch ultimately resulted in the demise of the bank.
Assistant United States Attorney Paul E. Hull prosecuted this case on behalf of the government.
U.S. Attorney Hickton commended the Federal Bureau of Investigation, the Internal Revenue Service and the City of Pittsburgh Bureau of Police for the investigation leading to the successful prosecution of Manos-Becton.