Providence Resident Admits to Role in Bank Fraud Conspiracy
PROVIDENCE – A Providence man appeared in federal court in Providence today and admitted to his role in a conspiracy to defraud banks of up to $550,000, announced United States Attorney Zachary A. Cunha.
Richard Koboi, aka Sunnyboy Taylor, 26, admitted to the court that he and others obtained stolen checks and stolen banking information of businesses and individuals that they used to create counterfeit checks. Some of the banking information used to create fraudulent checks was provided surreptitiously by two bank employees.
Koboi admitted that he and others recruited individuals through Facebook and by other means and paid them to allow the counterfeit checks to be deposited into their bank accounts. Once the counterfeit checks were deposited, Koboi and others made or attempted to make rapid withdrawals of cash from ATMs or teller withdrawals. The deposits and attempts to withdraw cash from the affected accounts resulted in an intended loss to banking institutions of between $250,000 and $550,000.
During the course of the investigation, law enforcement discovered a Facebook “for sale” posting accompanied by a photograph of a firearm posted by Koboi; communications between Koboi and another individual arranging for the purchase and delivery of the firearm displayed in the posting; and additional photographs of the firearm stored on Koboi’s cellphone.
Appearing today before U.S. District Court Chief Judge John J. McConnell, Jr., Koboi pleaded guilty to conspiracy to commit bank fraud, ten counts of bank fraud, and being a felon in possession of a firearm.
Koboi is scheduled to be sentenced on July 26, 2022. The defendant’s sentence will be determined by a federal district judge after consideration of the U.S. Sentencing Guidelines and other statutory factors.
The matter is being prosecuted by Assistant U.S. Attorney Ly T. Chin.
The matter was investigated by the U.S. Postal Inspection Service, with the assistance of the FBI, United States Secret Service, ATF, Rhode Island State Police, Providence Police Department, and Delaware State Police.