Metairie woman convicted of multi-state bank fraud scheme - FOX 8 WVUE New Orleans News, Weather, Sports, Social

Metairie woman convicted of multi-state bank fraud scheme

Federal prosecutors: Metairie woman to be sentenced on identity theft charges (source: Flickr) Federal prosecutors: Metairie woman to be sentenced on identity theft charges (source: Flickr)
NEW ORLEANS, LA (WVUE) -

United States Attorney Walt Green announced today that Marsha Cole, age 56, of Metairie, Louisiana, pled guilty yesterday before Chief U.S. District Judge Brian A. Jackson to aggravated identity theft and engaging in a scheme to defraud numerous banks in Louisiana, Mississippi, and Texas.  As part of the scheme, prosecutors say Cole embezzled approximately $102,257 from her victim accounts at several banks.  She is set to be sentenced on November 17, 2016.

At yesterday's hearing, Cole admitted that she obtained the personal identifiable information of her victims and used that information to create fraudulent identification cards.  Armed with that information, Cole went to banks associated with her victims, forged their signatures, and withdrew funds.  Throughout her scheme, Cole admitted that she attempted to withdraw over $136,000 during over thirty-one attempted withdrawals from victim accounts at twenty-one different banks in Louisiana, Mississippi, and Texas.  Ultimately, Cole was able to withdraw over $102,257 from victim accounts.

United States Attorney Green stated: "Fraud against our banks threatens not just the financial institutions, but also their customers and ultimately the taxpayers.  This case is another example of my office working together with our law enforcement partners to aggressively investigate and prosecute identity theft offenses, one of the fastest growing crimes in America."

FBI Special Agent-In-Charge Jeffrey S. Sallet stated: "This case is yet another example of the FBI's commitment to work with our partners at the United States Attorney's Office to investigate and prosecute individuals who willingly violate the law in order to personally enrich themselves at the expense of others."

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