Connecticut Resident Sentenced to Eight Years for Masterminding $55,000,000 Check Fraud Ring
Photo: The Daily Hodl
Federal prosecutors have secured an eight-year prison sentence for the leader of a scheme that stole thousands of checks from U.S. Postal Service collection boxes and deposited millions in altered funds. Michael Edwards, 31, of Bridgeport, Connecticut, was sentenced by U.S. District Judge John G. Koeltl in the Southern District of New York, says the U.S. Attorney’s Office for the Southern District of New York. The scheme ran from January 2022 through July 2024 and involved more than 2,600 stolen checks, with intended losses exceeding $55 million, of which more than $18 million was deposited.
Source: The Daily Hodl
