An Indictment[1] was returned today charging Larry Joseph Wolfe, 48, of Silver Spring, Maryland with one count of bank fraud and one count of aggravated identity theft, announced Acting United States Attorney Louis D. Lappen.
The Indictment alleges that Wolfe posed as an account holder at Beneficial Bank by using the account holder’s means of identification and a false driver’s license in the account holder’s name but containing Wolfe’s photograph to withdraw $424,000 in the form of cashier’s checks from accounts controlled by the account holder, then deposited several of the checks into a Mount Airy Casino account in the name of a person who Wolfe also impersonated, and then withdrew the money in cash from the Mount Airy Casino account.
Wolfe faces a maximum sentence of 32 years’ imprisonment, including a mandatory two-year term of imprisonment, a five-year period of supervised release, a $1,250,000 fine, and an $200 special assessment and restitution of $424,000.
The case was investigated by the Bureau of Immigration and Customs Enforcement, Homeland Security Investigations, and is being prosecuted by Assistant United States Attorney Michael S. Lowe.
[1] An Indictment or Information is an accusation. A defendant is presumed innocent unless and until proven guilty