CT Man Steals Checks to Defraud Banks

A Connecticut man pleaded guilty on Nov. 2 in Connecticut's U.S. District Court to four counts of bank fraud and one count of conspiracy to commit bank fraud.

According to court records, Justin Edwards, 27, of Coventry, CT, and a co-defendant stole balance transfer checks, also called "convenience checks," from residents' mailboxes between July 2007 and March 2008.

Edwards and the co-defendant then opened several bank accounts at different Connecticut financial institutions, forged the stolen checks, making them payable to the defendant, deposited them in the accounts and then withdrew the cash before the victim financial institutions discovered the original deposits were fraudulent.

Edwards and the other defendant deposited about $188,454 in the fraudulent checks and successfully defrauded the banks of about $89,700.

Edwards will be sentenced on January 21, 2010 and faces a maximum term of 125 years and a fine up to $4.25 million. The case was investigated by the United States Postal Inspection Service and the United States Secret Service.


About the Author

Linda McGlasson

Linda McGlasson

Managing Editor

Linda McGlasson is a seasoned writer and editor with 20 years of experience in writing for corporations, business publications and newspapers. She has worked in the Financial Services industry for more than 12 years. Most recently Linda headed information security awareness and training and the Computer Incident Response Team for Securities Industry Automation Corporation (SIAC), a subsidiary of the NYSE Group (NYX). As part of her role she developed infosec policy, developed new awareness testing and led the company's incident response team. In the last two years she's been involved with the Financial Services Information Sharing Analysis Center (FS-ISAC), editing its quarterly member newsletter and identifying speakers for member meetings.




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