Rochester Man Sentenced For Bank Fraud

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

ROCHESTER, N.Y. -- U.S. Attorney William J. Hochul, Jr. announced today that Derek T. Floyd, a/k/a Derek Floyd, Jr., 40, of Rochester, NY, who was convicted of bank fraud and violating a previously imposed term of supervised release, was sentenced by U.S. District Judge Charles J. Siragusa to 77 monnhs in prison. The defendant was also ordered to pay restitution totaling $47,232.09.

Assistant U.S. Attorney Bradley E. Tyler, who handled the case, stated that between April 2011 and December 2013, the defendant intercepted checks to which he was not entitled. Floyd then used the information on the checks to create new checks, payable to the names of other individuals. Associates of the defendant then cashed and attempted to cash the fraudulent checks at banks throughout the area. During the time period, individuals attempted to cash checks valued at a total of $92,627.92, for a total loss of $47,232.09.

By being convicted of bank fraud, Floyd, who was serving a term of supervised release for a prior federal conviction, violated the terms of his supervised release.

The sentencing is the culmination of an investigation on the part of Special Agents of the United States Secret Service, under the direction of Special Agent in Charge C. Todd Laster, Special Agents of the U.S. Postal Inspection Service, Boston Division, under the direction of Inspector in Charge, Shelly A. Binkowski, the Monroe County Sheriff’s Office, under the direction of Sheriff Patrick O’Flynn, the Rochester Police Department, under the direction of Chief Michael Ciminelli, and the Ontario Sheriff’s Department, under the direction of Sheriff Phillip Povero.