A Paramount man was sentenced today to 36 months in federal prison for conspiring to commit bank fraud.
Victor Eze, 51, was also ordered to spend two years on supervised release following his prison sentence. He has been in federal custody since his arrest in April of last year.
Eze pleaded guilty to one count of conspiring to commit bank fraud on June 11, 2012.
According to the plea agreement, between 2005 and April 18, 2012, Eze altered the payee name on stolen checks received from his unnamed co-conspirators. He also counterfeited checks for his co-conspirators, who then cashed and deposited the checks that had been altered and counterfeited. Many federally-insured financial institutions suffered actual losses as a result of this scam, including Chase Bank and U.S. Bank.
In court documents initially filed in this case, Eze admitted to investigators that other members of the conspiracy would bring him fraudulent checks and he would alter payee names and addresses upon their request and would be paid $100 per check for his alterations.
IRS Criminal Investigation and the U.S. Postal Inspection Service, in conjunction with the United States Attorney’s Office for the Central District of California, investigated this case.