Swampscott man charged with bank fraud | USAO-MA

0

BOSTON – A man from Swampscott was arrested and charged today with bank fraud in a scheme to defraud an elderly victim and her bank by stealing the victim’s pension assets.

Felix Gorovodsky, 29, has been indicted by a criminal complaint on one count of bank fraud.

As alleged in the complaint, Gorovodsky previously served as a financial advisor and attorney, with fiduciary responsibilities, for the elderly victim. The elderly victim, however, terminated this counseling relationship and revoked the power of attorney in July 2019. About nine months after being informed that the victim had terminated the relationship, Gorovodsky accessed and liquidated the bank’s account. victim, transferring more than $ 250,000 from the victim’s retirement savings into his or her own bank account. Gorovodsky then used the stolen funds for personal expenses, including paying off more than $ 100,000 in federal student loans. To legitimize the transfer, Gorovodsky forged the victim’s signature on an alleged “gift letter” that he sent to the bank in an attempt to legitimize the fraudulent transfer.

The bank fraud charge carries a sentence of up to 30 years in prison, five years on probation and a fine of up to $ 1 million. Sentences are imposed by a judge in a federal district court based on US sentencing guidelines and other statutory factors.

US attorney Andrew E. Lelling and Joseph R. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Field Division made the announcement today. The Ministry of Education, Office of the Inspector General, provided invaluable assistance in the investigation. Assistant US attorney Ian Stearns of Lelling’s Securities, Financial & Cyber ​​Fraud unit is pursuing the case.

Details contained in the indictment documents are allegations. The defendant is presumed innocent unless and until his guilt has been proven beyond a reasonable doubt by a court.

Leave A Reply

Your email address will not be published.