South Los Angeles Man Sentenced for Bank Fraud

Carlos Corona, a 37-year-old man from South Los Angeles, was sentenced to 87 months in federal prison for orchestrating a fraud scheme that stole over $2.7 million from banks and credit unions. From October 2020 to August 2023, Corona and his accomplices, whom he recruited via Instagram, stole checks from the mail, including those from post office collection boxes. They contacted account holders through social media, soliciting their debit card and account information under the pretense of sharing any fraudulent funds deposited. The stolen checks were often altered or falsely endorsed to match the bank accounts used for deposits. Ultimately, the scheme resulted in actual losses of at least $2.7 million, and Corona has been ordered to pay restitution of the same amount. His co-defendant, Jose Luis Edeza Jr., was sentenced to four years and nine months for his involvement in the operation.