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Justice News

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

Thursday, February 4, 2016

Ohio Man Sentenced On Fraud Charges

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

ROCHESTER, N.Y.-U.S. Attorney William J. Hochul Jr. announced today that Paul Lacey, 56, of Youngstown, Ohio, who was convicted of participating in a conspiracy to engage in monetary transactions with proceeds gained from a wire fraud scheme, was sentenced to 46 months in prison and ordered to pay restitution in the amount of $337,002.65

Assistant U.S. Attorney Bradley E. Tyler, who handled the case, stated that Lacey traveled from Ohio to Georgia to open a bank account with Bank of America. Subsequently, approximately $337,002.65 was illegally transferred from individual bank accounts in New York, Colorado and Oklahoma into the account in Georgia. Lacey then  withdrew or transferred large sums of cash from the Georgia account for his own personal use and use by others.    
The sentencing is the result of an investigation by the Federal Bureau of Investigation, under the direction of Special Agent in Charge Adam S. Cohen.

Updated February 5, 2016