"A Massachusetts man and woman were arrested and charged Wednesday in connection with a scheme to defraud banks in the state by fraudulently withdrawing more than $1 million, according to the office of Leah Foley, U.S. Attorney for Massachusetts. William Shaw, 67, of Boston, was indicted on four counts of bank fraud and four counts of aggravated identity theft, according to a statement from Foley's office."
"The pair's scheme lasted from at least December 2022 to March 2025, federal prosecutors said. Throughout this period, Shaw allegedly impersonated at least 11 bank customers, while Parks allegedly impersonated at least eight, according to the statement. Shaw and Parks used fake driver's licenses that showed their own photos but listed personal information that belonged to bank customers, Foley's office said."
"The charge of bank fraud carries a sentence of up to 30 years in prison, up to five years of supervised release and a fine of $1 million or twice the gross gain or loss, whichever is greater. Aggravated identity theft carries a mandatory two-year prison sentence that must be served consecutively to any other sentence, according to federal law."
William Shaw, 67, of Boston, and Rosemary Parks, 59, of Hopkinton, were indicted on multiple counts of bank fraud and aggravated identity theft. The alleged scheme ran from at least December 2022 to March 2025, during which Shaw is accused of impersonating at least 11 bank customers and Parks at least eight. The two allegedly used fake driver's licenses bearing their photos and customers' personal information to obtain cashier's checks and cash. Shaw purportedly withdrew more than $674,000 and Parks more than $536,000. Both pleaded not guilty and face federal penalties including up to 30 years for bank fraud and a mandatory consecutive two-year term for aggravated identity theft.
Read at Boston.com
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