Man Pleads Guilty To Bank Fraud Conspiracy
BOSTON - An Everett, Mass. man pleaded guilty today to conspiracy to bank fraud conspiracy.
Gean Fabio DaSilva, 33, pleaded guilty before Senior U.S. District Judge Rya W. Zobel to conspiracy to commit bank fraud and money laundering. It is alleged that the defendant conspired to defraud banks by depositing worthless checks into accounts opened in fictitious names and then withdrawing funds before the banks realized the deposits were worthless. In July 2012 the defendant allegedly used illegally obtained funds to purchase, at least in part, a cashier's check used to buy real estate in Everett.
Judge Zobel scheduled sentencing for Jan. 13, 2015.
The maximum sentence under the bank fraud conspiracy statute is 30 years in prison, followed by up to five years of supervised release and a fine of up to $1 million. The maximum sentence under the money laundering statute is 10 years in prison, up to three years of supervised release, and a fine of up to $250,000. Actual sentences for federal crimes are typically less than the maximum penalties. Sentences are imposed by a federal district court judge based on the U.S. Sentencing Guidelines and other statutory factors.
United States Attorney Carmen M. Ortiz and Bruce M. Foucart, Special Agent in Charge of U.S. Immigration and Customs Enforcement’s Homeland Security Investigations in Boston, made the announcement today. The case is being prosecuted by Robert E. Richardson of Ortiz’s Major Crimes Unit.