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Justice News

Department of Justice
U.S. Attorney’s Office
Western District of New York

Thursday, March 10, 2016

Former Niagara Falls Businessman Sentenced For Bank Fraud

CONTACT:      Barbara Burns
PHONE:         (716) 843-5817
FAX:            (716) 551-3051
BUFFALO, N.Y.-U.S. Attorney William J. Hochul Jr. announced today that Timothy DePetris, 46, of Niagara Falls, NY, who was convicted of bank fraud, was sentenced to 27 months in prison by Senior U.S. District Judge William M. Skretny.  The defendant was also ordered to pay restitution to M&T Bank totaling $177,509.32.  

Assistant U.S. Attorney MaryEllen Kresse, who handled the case, stated that the defendant, as owner of Electro-Dyn Choke Corporation in Niagara Falls, caused payroll checks to be issued to him and another individual and negotiated the payroll checks even though he knew there were insufficient funds in corporation’s account at M&T Bank to cover the checks. As a result of the defendant’s conduct, M&T Bank suffered a loss of $177,509.32.   

The sentencing is the culmination of an investigation by Special Agents of the Federal Bureau of Investigation, under the direction of Special Agent in Charge Adam S. Cohen.

Updated March 11, 2016