FEDS: Michael Bonanno Engaged in a Bank Fraud Scheme With a Co-Conspirator, Who is Also Charged
Michael Bonanno was arrested and charged in Manhattan sovereign justice with bank fraud, swindling to dedicate bank fraud, and aggravated temperament theft, in tie with a scheme to use stolen bank comment numbers to make payments on Bonanno’s credit label and home debt accounts. Bonanno was arrested at his home this morning and will be presented currently before Magistrate Judge Debra Freeman.
U.S. Attorney Geoffrey S. Berman said: “As alleged, Michael Bonanno, who was at the time a investigator in the NYPD’s Crime Stoppers unit, and his co-conspirator used victims’ bank comment numbers in a scheme to steal hundreds of thousands of dollars from New Yorkers. In so doing, Bonanno tricked the open that he swore to protect. we praise the FBI and the Internal Affairs Bureau of the NYPD for their superb work in this investigation.”
FBI Assistant Director William F. Sweeney Jr. said: “Plain and simple, Michael Bonanno allegedly used other people’s income to compensate off his debts while concurrently portion as a police officer, charged with questioning rapist wrongdoing. We don’t concede the ubiquitous open to get divided with these forms of crimes, and we won’t concede members of the law coercion village to get divided with them either.”
NYPD Commissioner James P. O’Neill said: “I wish to praise the dedicated investigators in the NYPD Internal Affairs Bureau and the FBI as good as the prosecutors in the Southern District whose untiring efforts on this crime case unprotected the rapist activity purported in this arrest.”
According to the allegations in the Complaints unblocked currently in Manhattan sovereign court:
Bonanno is a NYPD investigator and was a member of the NYPD Crime Stoppers unit, which receives and investigates unknown tips about rapist activity from members of the community.
From Nov 2016 to Mar 2017, Bonanno and a co-conspirator stole and attempted to steal income from the bank accounts of mixed New York residents by making unapproved handle transfers from victims’ bank accounts to accounts tranquil by Bonanno, and by cashing fake checks created from victims’ accounts into an comment tranquil by Bonanno.
In total, Bonanno and his co-conspirator attempted approximately $1,457,642 in fake handle transfers from victims’ accounts to Bonanno’s accounts, and deposited approximately $68,900 worth of fake checks into Bonanno’s accounts.
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Bonanno, 44, of Staten Island, New York, has been charged with one count of bank rascal and one count of swindling to dedicate bank fraud, any of which carries a judgment of 30 years in prison, and one count of aggravated temperament theft, which carries a imperative judgment of two years in prison. The limit intensity sentences are prescribed by Congress and are supposing here for informational functions only, as any sentencing of the suspect will be dynamic by the judge.