Penn Hills Man Pleads Guilty in Multi-Year Bank Fraud Scheme

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FILE PHOTO: Signage is seen at the United States Department of Justice headquarters in Washington, D.C.

PITTSBURGH, PA – A resident of Penn Hills, PA, pleaded guilty in federal court to charges of conspiracy to commit bank fraud and uttering counterfeit securities, United States Attorney Cindy K. Chung announced today.

Daquan Jones, age 27, pleaded guilty to three counts before Chief United States District Judge Mark R. Hornak.

In connection with the guilty plea, the court was advised that Jones participated in a multi-year conspiracy involving the deposit of counterfeit checks into banks in the Pittsburgh area. Jones’ involvement involved depositing counterfeit checks and withdrawing money from bank accounts that was made available as a result of the counterfeit checks. .

Sentencing in this matter has not yet been scheduled. The law provides for a total sentence of 50 years in prison, a fine of $1,500,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant.

Pending sentencing, the court ordered the defendant released on an unsecured bond.

Assistant United States Attorney Douglas C. Maloney is prosecuting this case on behalf of the government.

The United States Postal Inspectors and Department of Homeland Security/Homeland Security Investigations conducted the investigation that led to the prosecution of Daquan Jones.


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