Providence Man Sentenced in Bank Fraud Conspiracy

PROVIDENCE – A Providence man who admitted to participating in a conspiracy to defraud banks by creating and depositing tens-of-thousands of dollars’ worth of fraudulent checks has been sentenced to federal prison, announced Acting United States Attorney Sara Miron Bloom.

Jarrod Smith, 44, was sentenced today by U.S. District Court Judge Melissa R. DuBose to 24 months of incarceration to be followed by three years of supervised release. Smith pleaded guilty on February 18, 2025, to a charge of conspiracy to commit bank fraud. In addition, Smith admitted to violations of his current term of supervised released, and was sentenced to serve 12 months of incarceration, to run concurrently. 

Smith engaged in a fraud scheme that used information from stolen checks, primarily business checks, to create counterfeit checks that were then deposited into bank accounts of individuals that he or other members of the conspiracy recruited and enticed, often via social media. Shortly after the checks were deposited, Smith or another member of the conspiracy withdrew the proceeds from the bank accounts. As part of the conspiracy, the person’s whose bank account was used was also paid for the use of their bank account.

The case was prosecuted by Assistant United States Attorneys Christine Lowell, Taylor Dean, and Denise Barton.

The matter was investigated by the Federal Bureau of Investigation.