Ronald Cox Charged by a Federal Criminal Complaint for Allegedly Committing Bank Fraud

The Federal Bureau of Investigation (FBI) on October 18, 2011 released the following:

“Geneva Man Charged with Bank Fraud

ROCHESTER, NY—U.S. Attorney William J. Hochul, Jr. announced today that Ronald Cox, 28, formerly of Geneva, New York, was charged by criminal complaint with bank fraud. The charge carries a maximum penalty of 30 years in prison and a fine of $1,000,000.

Assistant U.S. Attorney Tiffany H. Lee, who is handling the case, stated that according to the complaint, between June 2008 and June 2009, Cox used the personal information of two individuals living in Florida, including Social Security numbers and dates of birth, to fraudulently obtain lines of credit from Advanta Bank. The lines of credit were to be used for personal expenditures without the victims knowledge. The two individuals thought that they were making an investment in the defendant’s automobile business.

The criminal complaint is the culmination of an investigation on the part of the special agents from Federal Bureau of Investigation, under the direction of Christopher M. Piehota, Special Agent in Charge.

The fact that a defendant has been charged with a crime is merely an accusation and the defendant is presumed innocent until and unless proven guilty.”

To find additional federal criminal news, please read Federal Crimes Watch Daily.

Douglas McNabb and other members of the U.S. law firm practice and write and/or report extensively on matters involving Federal Criminal Defense, INTERPOL Red Notice Removal, International Extradition and OFAC SDN Sanctions Removal.

The author of this blog is Douglas McNabb. Please feel free to contact him directly at mcnabb@mcnabbassociates.com or at one of the offices listed above.

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