Portsmouth man sentenced for bank fraud

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by 13News Now

WVEC.com

Posted on June 20, 2014 at 3:30 PM

Updated Friday, Jun 20 at 3:47 PM

NEWPORT NEWS -- Dominique Avery, 20, of Portsmouth, was sentenced Friday to 87 months in prison and ordered to pay in excess of $197,000 in restitution, for his participation in a conspiracy to commit bank fraud and aggravated identity theft.
 
According to court documents, Avery was involved in a yearlong conspiracy targeting at least five financial institutions, including ABNB Federal Credit Union and Navy Federal Credit Union, and over two dozen individuals and businesses.

Avery and others stole and/or purchased identities and applied for checking and savings accounts via online portals with minimal amounts, according to court documents.  The conspirators then caused a third party check issuing service to send dozens of fraudulent checks to various vendors and individuals.

Avery was arrested in August, 2012, while attempting to purchase two vehicles with fraudulent ABNB checks. The total intended losses exceed $737,000. 
 

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