Massachusetts Man And Woman Bilked Banks Out Of $1.2M: Feds

A Massachusetts man and woman bilked banks out of more than $1.2 million by impersonating actual customers, according to the U.S. Attorney's Office.

William Shaw, 67, was indicted on four counts of bank fraud and four counts of aggravated identity theft, and Rosemary Parks, 59, was indicted on three counts of bank fraud and three counts of aggravated identity theft, the U.S. Attorney's Office said in media release.

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From December 2022 through at least March Shaw impersonated at least 11 actual bank customers and from August 2024 through October 2024, Parks posed as at least 8 customers.

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"Shaw and Parks allegedly used fake driver’s licenses with the customers’ information but their own photos and presented bank tellers with withdrawal slips that listed the customers’ names and account numbers," the release said. "While posing as real bank customers, Shaw allegedly withdrew more than $674,000, and Parks allegedly withdrew more than $536,000, from the customers’ accounts in the form of cashier’s checks and cash withdrawals."

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In July, six men were charged as part of a related investigation into a multi-million-dollar scheme to defraud banks in Massachusetts, Connecticut and Rhode Island, according to the release.

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"The charge of bank fraud provides for a sentence of up to 30 years in prison, five years of supervised release and a fine of $1 million or twice the gross gain or loss, whichever is greater," the release said. "The charge of aggravated identity theft carries a mandatory two-year prison sentence consecutive to any sentence received on the other charges."

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