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Press Release

Local Man Sentenced to Prison for Role Fraud Scheme

For Immediate Release
U.S. Attorney's Office, Western District of Pennsylvania

PITTSBURGH - A resident of Allegheny County, Pennsylvania, has been sentenced in federal court to 14 months of incarceration; three years supervised release and was ordered to pay $204,252.16 in restitution on his conviction of fraud conspiracy, United States Attorney David J. Hickton announced today.

United States District Judge David S. Cercone imposed the sentence on Derek Holt, 22, of Pittsburgh, PA.

According to the information presented to the court, Derek Holt and his conspirators agreed to defraud account holders at Pittsburgh area banks by a remote deposit, mobile-banking scheme in which Derek Holt and conspirators deposited fictitious checks into victim accounts, and later withdrew cash at the Rivers Casino and ATMs.

Assistant United States Attorney Gregory C. Melucci prosecuted this case on behalf of the government.

U.S. Attorney Hickton commended the Western Pennsylvania Financial Crimes Task Force (WPFCTF), for conducting the investigation that led to the successful prosecution of this defendant. The WPFCTF was established as a collaborative, multi-agency effort to effectively combat financial crimes, including identity fraud, in Western Pennsylvania. Partnering in this effort is the United States Attorney's Office for the Western District of Pennsylvania, the Department of Homeland Security, the United States Secret Service, the United States Postal Inspection Service, and the Allegheny County District Attorney's Office, the Allegheny County Police Department, the City of Pittsburgh Bureau of Police and the Pennsylvania State Police.

Updated February 22, 2016

Financial Fraud