Greenbelt man sentenced in bank fraud scheme -- Gazette.Net


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A Greenbelt man was sentenced to seven years in prison and five years of supervised released after he was linked to a counterfeit check scheme that took more than $600,000 from Bank of America.

Bolarinwa Adeyale, 23, of Greenbelt was convicted by a federal jury Feb. 27 for conspiracy to commit bank fraud, two counts of bank fraud and aggravated identity theft. Adeyale was sentenced Monday by a U.S. district court judge.

Adeyale was found to have conspired with others to defraud Bank of America in 2007 by depositing stolen credit card convenience checks into legitimate Bank of America accounts and withdrawing money before bank personnel discovered the checks were unauthorized, according to U.S. justice department officials.

According to justice department officials, Adeyale and others stole checks from homeowners’ mailboxes in Montgomery, Howard and Prince George’s counties and also recruited college students to use their bank accounts to deposit stolen credit card convenience checks and make cash withdrawals.

Adeyale and co-conspirators acquired more than $1.2 million by making fraudulent deposits, according to justice department officials, who said the actual loss to Bank of America was more than $600,000.

Nine co-conspirators were also previously sentenced, according to the U.S. justice department, and a 10th is awaiting sentencing.

A phone number for Adeyale’s residence could not be located.

Calls to Richard Finci, an attorney representing Adeyale, were not returned Thursday.

djgross@gazette.net