CAMDEN, N.J. – A man from Gloucester County, New Jersey has accepted responsibility for his involvement in fraudulent schemes. Misty Sarfo-Adu, a 28-year-old resident of Sewell, stood before U.S. District Judge Robert B. Kugler in the Camden federal court, confessing his role in a duo of fraudulent endeavors.
As outlined in the court documents and testimonies, Sarfo-Adu worked in conjunction with Eugene Koranteng, Emmanuel Yirenkyi, and others to execute bank fraud. They acquired blank checks with the names and account details of unsuspicious customers of a credit card company. With the checks made payable to themselves, the group forged the customers’ signatures and cashed the checks at different financial institutions.
In a separate plot, Sarfo-Adu and Yirenkyi conspired to utilize credit cards without the knowledge or consent of the actual account holders. Sarfo-Adu acknowledged that the fraudulent operations resulted in a loss exceeding $150,000 to the credit card company.
The charges associated with the bank fraud conspiracy carry a maximum penalty of 30 years in prison and up to a $1 million fine. The access device fraud conspiracy charge can result in up to five years in prison and a fine up to $250,000. Sentencing is scheduled for November 28.
Meanwhile, Koranteng and Yirenkyi continue to face charges in criminal complaints. Until proven guilty, they are presumed innocent.