By Amanda Somers –
On Thursday at the United States District Court in Boston, Emeka Iloba, 27, of Lynn appeared before U.S. District Court Judge Leo T. Sorokin and pleaded guilty to one count of conspiracy to commit bank fraud and one count of aggravated identity theft.
An investigation conducted by the Federal Bureau of Investigation, Boston Division, determined that Iloba participated in and at times directed a scheme to defraud financial institutions.
To carry out the scheme, Iloba and others used fraudulent identification documents, among other means, to withdraw money from customers’ accounts at various banks in the form of checks, cash and wire transfers.
The fraudulently-obtained funds were then deposited in other bank accounts opened in the names of fictitious business entities before being withdrawn.
This scheme resulted in over $1.5 million in losses between April 2017 and March 2018.
Iloba is scheduled to be sentenced on December 16, 2021.
Indictments and criminal information and complaints are only allegations. All persons charged are presumed to be innocent unless and until found guilty in court.
At this time there is no additional information involving this case. For updates, follow @crimetrackersma on Twitter, Facebook or Instagram.