ROCHESTER, N.Y. — Announced on Thursday, a man from Webster, who’s been convicted of two counts of wire fraud and one count of aggravated identity theft, has been sentenced to 111 months in prison.
Timothy Siverd, a 38-year-old of Webster, was employed as vice president at Tompkins Community Bank when he convinced two victims to invest in fraudulent real estate transactions back in November 2021.
The names of the victims aren’t listed. Victim #1 was said to have paid Siverd about $158,429. Victim #1 then demanded repayment and got back $108,429 in funds. However, the repaid funds came from Victim #2’s money from a separate fraudulent transaction…