Federal prosecutors have secured a guilty plea from a Boston man accused of using fake identification to drain hundreds of thousands of dollars from customer accounts.

William Shaw, 68, admitted to four counts of bank fraud and four counts of aggravated identity theft in federal court, says the U.S. Attorney’s Office for the District of Massachusetts.

The defendant posed as at least 13 account holders from late 2022 into early 2025 by presenting forged driver’s licenses that carried the victims’ details alongside his own photograph.

He also submitted withdrawal forms listing the customers’ names and account numbers to obtain cashier’s checks and cash totaling more than $900,000.

Judge Julia E. Kobick set sentencing for January 6th, 2027, after Shaw was charged in January 2026.

Separately, authorities charged six additional men in July 2025 as part of a larger multi-state bank fraud investigation covering Massachusetts, Connecticut and Rhode Island.

Three of those defendants have already entered guilty pleas and await sentencing, while another received a sentence in a connected case.

A bank fraud conviction carries up to 30 years in prison along with fines reaching $1 million or twice the amount gained or lost.

Each aggravated identity theft count requires at least two years in prison served consecutively to any other term.

Assistant U.S. Attorney Kristen Kearney is handling the prosecution.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Generated Image: Midjourney

The post Massachusetts Man Pleads Guilty to $900,000 Bank Fraud Using Fake IDs appeared first on The Daily Hodl.

Federal prosecutors say they’ve obtained a guilty plea from an Ohio resident who ran a fraudulent investment scheme that stole more than $3 million from victims across two states.

John E. Brown II, 45, of Brecksville, Ohio, pleaded guilty on September 29th, to 17 counts of wire fraud and two counts of engaging in monetary transactions in criminal proceeds, says the U.S. Attorney’s Office for the Northern District of Ohio.

The scheme centered on nonexistent bundled tickets to sporting events and theme parks that Brown falsely portrayed as fluctuating in value like stocks and doubling through splits.

Victims wired funds after seeing fake documents and actors posing as successful investors, yet Brown moved roughly $1.375 million to casinos for personal gambling.

Three victims lived in Berea, Mayfield Heights and North Royalton, Ohio, while two others resided in Cape Coral and Orlando, Florida.

Each wire fraud count carries a maximum 20-year prison term, while each money laundering count allows up to 10 years, with sentencing scheduled for January 7th, 2027.

The FBI Cleveland Division conducted the investigation.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

The post Ohio Resident Admits to Orchestrating $3,000,000 Fake Ticket Investment Fraud Scheme appeared first on The Daily Hodl.