Bahamian Man Charged In Mail And Wire Fraud Scheme
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, Paula Reid, Special Agent in Charge, U.S. Secret Service (USSS), and Ronald J. Verrochio, Inspector in Charge, U.S. Postal Inspection Service (USPIS), announce the return of a 23-count indictment charging Rudolph Kermit King, a/k/a “Rudy,” 46, of Nassau, the Bahamas, with mail fraud, wire fraud, and aggravated identity theft in a scheme to defraud.
According to the indictment, King created fictitious corporations that he then used to create merchant accounts with credit card processors. Rudolph Kermit King would inflate the amount of funds within the merchant account by charging unauthorized access devices. These funds would then be deposited to a small business checking account under King’s control, from which he withdrew funds. Finally, King used unauthorized access devices to purchase goods and services to fund his lifestyle.
If convicted, King faces a statutory maximum penalty of 20 years in prison for each count of mail fraud and wire fraud, followed by three years of supervised release, a fine of up to $250,000 and restitution, and a consecutive two years in prison for each count of aggravated identity theft.
Mr. Ferrer commended the investigative efforts of USSS and USPIS. The case is being prosecuted by Assistant U.S. Attorney Alexandra Hui.
An indictment is only an accusation, and defendants are presumed innocent until and unless proven guilty beyond a reasonable doubt.
A copy of this press release may be found on the website of the United States Attorney's Office for the Southern District of Florida at http://www.usdoj.gov/usao/fls. Related court documents and information may be found on the website of the District Court for the Southern District of Florida at http://www.flsd.uscourts.gov or on http://pacer.flsd.uscourts.gov.