A person in Massachusetts is heading to jail for financial institution fraud involving the theft of over $700,000 in U.S. Treasury checks.
Nnamdi Opara, 31, of Woburn, pleaded responsible to 2 counts of financial institution fraud and 5 counts of cash laundering, says the U.S. Division of Justice.
Opara “wrongfully obtained” two Treasury checks issued to a New York entity, established an organization with an identical title in Massachusetts and deposited the checks into accounts he managed, regardless of the entity by no means submitting federal tax returns.
Within the course of, Opara stole a complete of $700,767 from the U.S. Treasury.
He has been sentenced to 10 months in jail by U.S. District Courtroom Chief Decide Denise J. Casper, adopted by two years of supervised launch.
As well as, Opara carried out a number of unlawful financial transactions designed to hide the supply of the funds from the stolen Treasury checks.
The case stems from an investigation into Treasury test fraud.
United States Legal professional Leah B. Foley and different businesses made the announcement.
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