PROVIDENCE, R.I. — Two men from the Bronx have been sentenced to federal prison for running a multistate bank fraud conspiracy that targeted at least 28 individuals and 20 businesses, the U.S. Attorney’s Office for the District of Rhode Island announced Wednesday.
Jaymark Larios, 23, was sentenced Tuesday to 24 months in prison followed by three years of supervised release. He was also ordered to pay $93,200 in restitution. Larios pleaded guilty in March to conspiracy to commit bank fraud.
His co-conspirator, Paul Keenan, 54, also from the Bronx, received an identical sentence in June after pleading guilty in February.
Court documents revealed that from 2023 to early 2024, the group traveled across multiple states—including Rhode Island, Massachusetts, New Hampshire, Vermont, Pennsylvania, New Jersey, Ohio, Maryland, and West Virginia—collecting personal and banking information from individuals and businesses. That data was used to produce fake IDs and counterfeit checks.
Recruits were then brought to bank branches in the targeted states, where they attempted to cash the fraudulent checks. The scheme successfully defrauded 22 banks out of approximately $93,200, though the conspirators tried to steal a total of about $143,000.
Both defendants were prosecuted as part of a wider federal investigation into organized financial fraud schemes crossing state lines.
