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Friday, February 28, 2020

Two Men Are Sentenced To Prison For Bank Fraud Conspiracy

Local Government

By Press release submission | Sep 27, 2019

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U.S. Attorney's Office for the Western District of North Carolina issued the following announcement on Sept. 26.

Brady Raymond Frick, Jr., 39, and Timothy Ray Canon, Jr., 27, both of Charlotte, were sentenced to prison today by U.S. District Judge Robert J. Conrad, Jr. for executing a bank fraud scheme involving stolen mail, announced Andrew Murray, U.S. Attorney for the Western District of North Carolina.  Frick was sentenced to 61 months in prison for conspiracy to commit bank fraud, bank fraud, and aggravated identity theft. Canon was sentenced to a year and a day in prison for conspiracy to commit bank fraud.  Both Frick and Canon were also ordered to serve terms of supervised release and to pay $81,322.14 in restitution.

David M. McGinnis, Inspector in Charge of the Charlotte Division of the U.S. Postal Inspection Service, joins the U.S. Attorney’s Office in making today’s announcement. 

According to filed court documents and today’s sentencing hearing, from April 2017 to November 2017, Frick and Cannon carried out a bank fraud scheme using stolen mail to defraud financial institutions.  Court records show that the co-conspirators obtained the stolen mail by targeting high-end neighborhoods in the Charlotte area.  In order to avoid detection, Frick rented luxury vehicles to drive around the targeted neighborhoods, while Canon collected the mail. As part of the criminal scheme, Frick and Canon stole mail that contained the victims’ bank checks, credit card convenience checks, credit cards, and other bank account information, and used the information to steal money from the victims and to make unauthorized transactions at the expense of federally-insured financial institutions. 

In addition to Frick’s 61-month sentence, Judge Conrad also imposed an additional two years in prison for Frick’s supervised release violation related to a 2009 conviction for theft of mail and possession of a firearm by a felon.

In making today’s announcement, U.S. Attorney Murray thanked the USPIS for leading the investigation, and commended the Charlotte Mecklenburg Police Department for their invaluable assistance.  This case is the result of the Charlotte Financial Crimes Task Force (CFCTF), which was formed in 2016 by the U.S. Postal Inspection Service and comprises over 25 local, state and federal law enforcement agencies located in the Western District of North Carolina. The goal of the task force is to focus on the identification and development of financial fraud investigations in the Charlotte area. Based on crime trends in the area, the task force began to focus its efforts on violent offenders with lengthy criminal histories who are committing fraud.  Assistant United States Attorney Caryn Finley of the U.S. Attorney’s Office in Charlotte, prosecuted the case.

Original source can be found here.

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