BUFFALO, N.Y.-Acting U.S. Attorney James P. Kennedy, Jr. announced today that Michael Rosier, 23, and Cody Kross-Rosier, 23, both of Buffalo, NY, pleaded guilty to conspiracy to commit bank fraud and bank fraud before U.S. District Judge Richard J. Arcara. The charges carry a maximum penalty of 30 years in prison and a $1,000,000 fine.
According to Assistant U.S. Attorney MaryEllen Kresse, who is handling the case, between January and March 2014, Rosier and Kross-Rosier conspired with others to defraud and fraudulently obtain money and funds from federally insured financial institutions. As part of the scheme, the defendants used existing bank accounts and opened new accounts at six financial institutions in order to obtain and attempt to obtain money, services and merchandise totaling over $120,000. Rosier and Kross-Rosier floated checks between the accounts in an effort to prevent the financial institutions from discovering that there were insufficient funds to cover checks deposited into and written on the accounts.
The plea is the culmination of an investigation by the United States Secret Service, under the direction of Special Agent-in-Charge Lewis Robinson.
Sentencing is scheduled for Nov. 13, 2017, before Judge Arcara.
Source: U.S. Department of Justice, Office of the United States Attorneys
