U.S. District Judge George L. Russell, III sentenced Leroy Holmes, age 62, of Baltimore, Maryland, to 57 months in federal prison, followed by three years of supervised release, for bank fraud in connection with a scheme to re-encode credit cards, debit cards and gift cards with the stolen financial information of multiple victims to make fraudulent purchases in the victims’ names and without their knowledge or permission. Holmes used the cards to purchase fuel for truckers at half price, in exchange for cash. Judge Russell also ordered that Holmes must pay restitution in the full amount of the victims’ losses, which is at least $212,000 and must forfeit electronic equipment including several cell phones, laptop computers and hard drives, as well as pay a money judgment of $106,032. The sentence was imposed on May 1, 2023.
The above is only an excerpt of the article.
[ Read the rest of the article here. ]