Man Sentenced For Bank Fraud Conspiracy In MA, RI

A New York man was sentenced to two years in federal prison for his part in a multi-state bank fraud conspiracy that victimized at least 28 people and 20 businesses, according to the U.S. Attorney's Office

JJaymark Larios, 23, a resident of the Bronx, was the second member of the conspiracy to be sentenced, according to a media release from the U.S. Attorney's office.

Paul Keenan, 54, also of the Bronx, was sentenced June 23 to two years in federal prison as well.
Larios was also ordered to pay $93,200 in restitution.

Both Larios and Keenan had pleaded guilty to conspiracy to commit bank fraud.

"Court documents reflect that members of the conspiracy traveled to multiple states in 2023 and early 2024 to recruit and organize individuals and obtain their photographs and personal identifying information, including Social Security numbers, dates of birth, and banking information," the release said. "Additionally, conspirators obtained business names and banking information of nearly two dozen business entities. The information collected was used to create fraudulent IDs and checks."

A U.S. Attorney's Office spokesman did not respond to a message inquiring if there were more conspirators beyond Larios and Keenan.

The release said the conspirators "traveled with their recruits" to banks in Rhode Island, Massachusetts, New Hampshire, Vermont, Pennsylvania, New Jersey, Ohio, Maryland, West Virginia and elsewhere to cash fraudulent checks created by members of the conspiracy.

The "conspirators attempted to defraud banks of a total of approximately $143,000, successfully defrauding 22 banks of a total of approximately $93,200," the release said.