Jackson Man Sentenced for Bank Fraud and Mail Fraud Conspiracy

Jackson, Miss. –Clinton Moses, Jr., 51, of Jackson, was sentenced today by Senior U.S. District Judge Tom S. Lee to serve 6 months in prison and 6 months of home confinement for his role in a conspiracy to commit bank and mail fraud, announced U.S. Attorney Mike Hurst and Jere T. Miles, Special Agent in Charge of Immigration and Customs Enforcement’s Homeland Security Investigations in New Orleans. Moses was also ordered to pay restitution in the amount of $30,000.

Moses conspired with others to apply for fraudulent automobile loans at Magnolia Federal Credit Union in Hinds County, Mississippi. The conspiracy spanned from early March 2017 through October 2018. The fraudulent loan applications contained false information to include computer-generated numbers in lieu of their legitimate social security numbers and places of employment. Magnolia Federal Credit Union relied on the information provided in the automobile loan applications and processed loans in each of the defendant’s names.

The false representations made caused Magnolia Federal Credit Union to mail checks in amounts from $25,000 to $55,000 to what was later determined to fictitious automobile dealership. The defendants never intended to purchase or take possession of the vehicles that were referenced in the fraudulent loans.

The case was investigated by Immigration and Customs Enforcement’s Homeland Security Investigations and the United States Secret Service.  It was prosecuted by Assistant United States Attorney Erin Chalk.