Scammers Allegedly Drain $1,200,000 From US Banks, Impersonate at Least 20 Customers in Massive Fraud Scheme: DOJ
A Massachusetts duo is accused of stealing more than $1.2 million from US banks.
The Department of Justice (DOJ) says 67-year-old William Shaw and 59-year-old Rosemary Parks impersonated bank customers using fake driver’s licenses containing the customers’ information combined with their own photos.
Shaw allegedly impersonated at least 11 bank customers between December of 2022 and March of 2025 to withdraw a combined $674,000, while Parks is accused of impersonating at least eight bank customers between August of 2024 and October of 2024 to withdraw $536,000.
The withdrawals were made in cashier’s checks and cash.
The duo’s charges are related to a broader investigation that resulted in six men being charged in July 2025 with conspiracy to commit bank fraud, bank fraud and conspiracy to commit money laundering.
Beginning in December of 2022, the six men allegedly committed a multi-million-dollar bank defrauding scheme by stealing names, dates of birth, Social Security numbers and bank account numbers of customers at various banks in Massachusetts, Connecticut and Rhode Island.
Shaw is facing four counts of bank fraud and four counts of aggravated identity theft. Parks is facing three counts of bank fraud and three counts of aggravated identity theft.
A bank fraud charge alone carries a sentence of up to 30 years in prison, five years of supervised release and a fine of at least $1 million.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Scammers Allegedly Drain $1,200,000 From US Banks, Impersonate at Least 20 Customers in Massive Fraud Scheme: DOJ appeared first on The Daily Hodl.
You May Also Like
Markets await Fed’s first 2025 cut, experts bet “this bull market is not even close to over”
Trump Owns $870 Million Bitcoin Amid Crypto Market Meltdown
