U.S. Department of Justice
Peter F. Neronha
United States Attorney
District of Rhode Island
September 22, 2011
CALIFORNIA WOMAN PLEADS GUILTY TO
BANK FRAUD AND IDENTITY THEFT
PROVIDENCE, R.I. – A California woman pleaded guilty Wednesday in U.S. District Court in Providence to defrauding a Rhode Island bank of more than $13,000 by stealing the identity of a bank customer and using it to withdraw funds from the customer’s account. Nancy Sherman, 42, also pleaded guilty to using the stolen identity of a second customer in an attempt to withdraw funds from a second account a month later. Sherman pleaded guilty to one count each of bank fraud and attempted bank fraud, and two counts of identity theft, announced U.S. Attorney Peter F. Neronha.
According to court records and information presented to the Court, Sherman travelled to Rhode Island in early January 2011, and made an unauthorized withdrawal of $13,500 from a Webster Bank branch office in Barrington from an account she did not have authority to access. She provided the bank with a fraudulent Connecticut driver’s license which contained her picture and the stolen personal information of the account holder.
One month later, on February 8, 2011, having stolen the identity of a second bank customer, Sherman attempted to withdraw funds from an account at a Pawtucket branch office of Webster Bank by providing the bank with a Connecticut driver’s license with her picture and the stolen personal information of the account holder. The bank teller recognized Sherman from a photograph in a Webster Bank Fraud Alert Bulletin and notified Pawtucket Police, who took the defendant into custody at the bank. Sherman has been detained since her arrest.
Sherman is scheduled to be sentenced by U.S. District Court Judge William E. Smith on December 22, 2011. She faces up to 30 years imprisonment and a fine of $1,000,000 on each of the bank fraud charges; and a combined maximum sentence of up to 20 years imprisonment and a fine of $500,000 on the charges of identity theft.
The case is being prosecuted by Assistant U.S. Attorney Richard B. Myrus. The matter was investigated by the United States Secret Service with the assistance of the Pawtucket Police Department.