Indictment Charges Group Of Six In Financial Fraud Scheme
PHILADELPHIA - Aaron Henderson, 21, Muhammad Sadaat A. White, 22, Marcus Allen Ray, 25, Raymond Rysheem E. Starr, 21, Marcus Lee Jackson, 23, and Timothy Nathaniel, 25, all of Philadelphia, PA, were charged today by indictment with conspiracy, bank fraud, aggravated identity theft and aiding and abetting, announced United States Attorney Zane David Memeger.
According to the indictment, between May 30, 2013 and November 20, 2014, the defendants obtained the names, accounts numbers and personal identification numbers of bank customers. They and their co-conspirators allegedly used that information to deposit bad checks at various banks, quickly withdrawing funds from those accounts. It is further alleged that the defendants recruited and paid some account holders to open accounts at financial institutions and then turn over the account information so it could be used for the deposit of bad checks and the fraudulent withdrawal of funds.
If convicted of all charges, the defendants face the following maximum possible statutory sentences: Henderson, 39 years in prison; White, 101 years in prison; Ray, 45 years in prison; Starr, 133 years in prison; Jackson, 69 years in prison; Nathaniel, 69 years in prison; plus fines and supervised release.
The case was investigated by the U.S. Postal Inspection Service and the U.S. Secret Service with assistance from the Philadelphia Police Department, the Springfield Township (Montgomery County) Police Department, the Abington Police Department and the Bensalem Police Department and is being prosecuted by Assistant United States Attorneys K.T. Newton and Yvonne Osirim.
An Indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.