A New York man has been sentenced to federal prison for his involvement in a multi-state bank fraud conspiracy that targeted dozens of individuals and businesses, according to an announcement from Acting United States Attorney Sara Miron Bloom.
Jaymark Larios, 23, of Bronx, New York, received a sentence of 24 months in prison followed by three years of supervised release. He was also ordered to pay $93,200 in restitution. Larios pleaded guilty on March 6, 2025, to conspiracy to commit bank fraud.
Another participant in the scheme, Paul Keenan, 54, also from Bronx, New York, was sentenced on June 23, 2025. He received the same sentence as Larios: 24 months in prison and three years of supervised release after pleading guilty on February 27, 2025.
Court documents indicate that members of the group traveled across several states during 2023 and early 2024. They recruited individuals and collected their photographs and personal information such as Social Security numbers and banking details. The conspirators also gathered business names and banking information from nearly two dozen companies. This data was then used to produce fake IDs and checks.
According to information presented in court, the group accompanied recruits to banks located in Rhode Island, Massachusetts (listed twice), New Hampshire, Vermont, Pennsylvania, New Jersey, Ohio, Maryland, West Virginia and other locations where they cashed fraudulent checks made with the stolen information. At least 28 people and 20 businesses were affected by these actions.
The total attempted loss through this scheme was about $143,000. Of that amount, conspirators successfully defrauded a total of $93,200 from 22 banks.
Assistant United States Attorney Christine Lowell prosecuted the cases. Homeland Security Investigations led the investigation along with the East Providence Police Department; the Portsmouth Police Department provided additional assistance.
