Mississippi Man Charged with Conspiracy to Commit Bank Fraud
According to the indictment, SPOSATO opened a financial account at Keesler Federal Credit Union (“ Keesler”)in the name of Pegasus Consulting and Development, LLC (“Pegasus Consulting”), a company of which he claimed to be President. In early March 2023, SPOSATO received a $10,000.00 check he knew to be counterfeit from a co-conspirator. The check was purportedly drawn on the financial account of a non-profit organization that supported a public library in Florida. On about March 27, 2023, SPOSATO attempted to deposit the counterfeit check into his financial account at Keesler, thereby placing Keesler at risk of civil liability and financial loss. SPOSATO knew both that he was not entitled to the check and had never performed work for the non-profit.
SPOSATO faces a maximum term of imprisonment of five (5) years in prison, up to three (3) years of supervised release, up to a $250,000 fine, and a $100 mandatory special assessment fee.
U.S. Attorney Evans reiterated that an indictment is merely a charge and that the guilt of the defendant must be proven beyond a reasonable doubt.
U.S. Attorney Evans praised the work of the United States Probation Office in investigating this matter. Assistant United States Attorney Jordan Ginsberg, Chief of the Public Integrity Unit, is in charge of the prosecution.
Community Outreach Coodinator
U.S. Attorney's Office
Eastern District of Louisiana
Updated September 29, 2023