Buffalo Men Sentenced For Conspiring To Commit Bank Fraud

CONTACT:      Barbara Burns
PHONE:         (716) 843-5817
FAX:            (716) 551-3051

BUFFALO, N.Y. - U.S. Attorney James P. Kennedy, Jr. announced today that Michael Rosier, 23, and Cody Kross-Rosier, 23, both of Buffalo, NY, who were convicted of conspiracy to commit bank fraud and bank fraud, were sentenced by U.S. District Judge Richard J. Arcara. Rosier was sentenced to 12 months in prison and Kross-Rosier was sentenced to time served and three years supervised release, to include six months of home detention.

Assistant U.S. Attorney MaryEllen Kresse, who handled the case, stated that between January and March 2014, Rosier and Kross-Rosier conspired with others to defraud and fraudulently to obtain money and funds from federally insured financial institutions. As part of the scheme, the defendants used existing bank accounts and opened new accounts at six financial institutions in order to obtain and attempt to obtain money, services and merchandise totaling over $120,000. Rosier and Kross-Rosier floated checks between the accounts in an effort to prevent the financial institutions from discovering that there were insufficient funds to cover checks deposited into and written on the accounts. 

The sentencing is the culmination of an investigation by the United States Secret Service, under the direction of Special Agent-in-Charge Lewis Robinson.