Former Bank Manager Sentenced to Sixty-Three Months in Federal Prison
Oscar Sanchez –of Brooklyn - is a former branch manager for the Bank of America. He allegedly assisted the “Khan Ring” with opening fraudulent bank accounts and lines of credit at the Bank of America in exchange for an estimated one hundred thousand dollars. The scheme allegedly cost the Bank of America approximately two million dollars. On August 15, 2007, a federal indictment was unsealed charging Oscar Sanchez -amongest others- with conspiracy to commit identification document fraud, production of false documents, use of false ID documents to commit other crimes, aggravated ID theft , conspiracy to commit access device fraud, access device fraud, conspiracy to commit bank fraud and bank fraud. On November 13, 2008, Sanchez pleaded guilty in federal court in Manhattan to one count of bank fraud. On March 25, 2009, Sanchez was sentenced in federal court in Manhattan to sixty-three months in federal prison. Bank Fraud carries a maximum sentence of thirty years in federal prison.
