PHILADELPHIA, PA — Oliver Tejada, 25, of the Bronx, New York, was sentenced to 60 months in federal prison on Wednesday by United States District Judge Timothy J. Savage for his role in a fraudulent scheme that stole over $1 million from bank accounts of at least 23 victims, including elderly individuals.
Tejada pleaded guilty in March to conspiracy to commit bank fraud, bank fraud, and aggravated identity theft. He was also sentenced to three years of supervised release and ordered to forfeit $780,837.11, representing the actual losses sustained by financial institutions involved.
According to court filings, Tejada and his associates obtained confidential banking information from their victims, which they used to impersonate account holders. The conspirators contacted banks to verify balances and acquire additional account details. Using fake identification cards with victims’ personal information but bearing the photo of an accomplice, cash was withdrawn or wired to accounts controlled by the group. The receiving accounts were then quickly emptied…