On January 19, 2022, the US Department of Justice announced the sentencing of Lindsley Georges and Dave Guillaume who each pleaded guilty in September of 2021 to one count of money laundering conspiracy for their participation in a scheme to fraudulently obtain funds from customer bank accounts. Both men, who were arrested in July 2019 and indicted in October 2019, were sentenced in the US District Court for the District of Massachusetts to time served and three years of supervised release, including six months of home confinement. The court also ordered restitution payments – $667,243 for George and $457,243 for Guillaume.
According to the criminal indictment, Georges and Guillaume obtained fraudulent checks from unnamed coconspirators who acquired the funds by impersonating customers using false identification documents at various banks. The DOJ reports that, between December 2017 and January 2018, Georges and Guillaume deposited more than $600,000 in checks into sham business bank accounts that they controlled and subsequently withdrew a substantial portion of the funds in cash and checks.
Department of Justice Press Release | Department of Justice Press Release (2019) | Charging Information | Indictment