Six Massachusetts Men Charged in Multi-State Bank Fraud Scheme

Six men from Massachusetts have been arrested and charged in connection with a multi-million-dollar bank fraud and money laundering scheme targeting banks in Massachusetts, Connecticut, and Rhode Island. The suspects allegedly obtained personal information, including names, dates of birth, Social Security numbers, and bank account numbers without authorization, then recruited impostors to use fake IDs to withdraw large sums via cashier’s checks. These funds were deposited into accounts controlled by the conspirators, who also reportedly enlisted bank insiders to provide access to customer data and disable account notifications to prevent detection. The men face charges of conspiracy to commit bank fraud, bank fraud, and conspiracy to commit money laundering, with one individual additionally charged with aggravated identity theft. If convicted, they could face up to 30 years in prison, with additional mandatory sentences for identity theft. Authorities have not disclosed the exact amount stolen or whether more individuals are involved.