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Maximilian Mwah, 29, from Pawtucket, Rhode Island admitted to orchestrating a conspiracy with Richard Kobi, 27, who is also a resident of Rhode Island. Both of them conspired with other people to deposit counterfeit checks and withdraw money.
The conspirators executed the scheme through illegal means of stealing business and personal banking information. On December 20, 2022, Mwah pleaded guilty to conspiracy to commit bank fraud and bank fraud.
Mwah and Kobi enlisted individuals who permitted the deposit of counterfeit checks into their bank accounts. The funds were quickly withdrawn from ATMs and bank tellers upon the deposit of the counterfeit checks.
This modus unravels their illegal scheme of bank fraud conspiracy through means of identity theft. They were deeply invested in their conspiracy to the point that Mwah and Kobi coordinated with each other to search for a look-alike who resembles the bank account holder.
The look-alike they found was given a picture ID and the account holder’s bank information so they could withdraw the money. This instance illustrates how they would resort to identity theft.
Mwah is headed to federal prison and his prison sentence is scheduled on March 16, 2023. A federal district judge will determine his prison sentence according to the U.S. Sentencing Guidelines and Statutory Factors.
Meanwhile, Kobi pleaded guilty to his charges on April 27, 2022. Additionally, Kobi was convicted of conspiracy to commit bank fraud, ten counts of bank fraud, and being a felon in possession of a firearm. The court sentenced him to 36 months in federal prison and he will pay $31,928 in restitution.
The U.S. Postal Service, FBI, United States Secret Service, ATF, Rhode Island State Police, Providence Police Department, and Delaware State Police coordinated with each other in investigating Mwah and Kobi’s case. Assistant U.S. Attorney, Ly T. Chin, handled the prosecution of the case.
The investigation and verdict of their cases serve as another warning for fraudsters as the authorities are actively pursuing and tracing fraudulent activities, especially activities that involve identity theft, which is a common modus used to defraud banks and agencies.
The Bank Fraud indictment Mwah was charged with pursuant to 18 USC 1344, makes it a federal crime to to defraud a financial institution; or to obtain any of the moneys, funds, credits, assets, securities, under the custody or control of, a financial institution, by means of false or fraudulent pretenses and carries a maximum punishment of 30 years
The US Sentencing Guidelines indicates if Mwah had no criminal history and a dollar loss of $32,000 it could expose him to a sentence of approximately 3 years in federal prison.
Wall Street Prison Consultants helps Federal defendants and inmates with designations to Federal Prisons near their home, teaches Prison Survival, and assists with placement in inmate EARLY RELEASE programs.