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Justice News

Department of Justice
U.S. Attorney’s Office
District of Massachusetts

Wednesday, December 11, 2019

Saugus Woman Charged with Wire Fraud

Defendant allegedly stole over $400,000 from elderly uncle

BOSTON – A Saugus woman was arrested and charged yesterday in connection with a scheme to defraud her elderly uncle of his life’s savings.

Jayne Carbone, 52, was charged with one count of wire fraud. Carbone was arrested and appeared in federal court in Boston.

Between approximately December 2016 and September 2018, Carbone allegedly stole at least $400,000 from her elderly uncle, whose personal finances she managed.  Carbone  fraudulently withdraw funds from his brokerage account and transferred those funds into bank accounts held by Carbone and members of her immediate family for personal use. To further and conceal the scheme, Carbone allegedly provided her uncle with falsified statements for his accounts reflecting inflated balances.

The charge of wire fraud carries a sentence of up to 20 years in prison, three years of supervised release and a fine of up to $250,000 or twice the gross gain or loss from the offense.  Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and other statutory factors.

United States Attorney Andrew E. Lelling; Joseph R. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Field Office; and Joseph W. Cronin, Inspector in Charge of the U.S. Postal Inspection Service made the announcement today. Assistant U.S. Attorney Leslie A. Wright of Lelling’s Securities and Financial Fraud Unit is prosecuting the case.

The details contained in the charging document are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

Financial Fraud
Updated December 11, 2019