A woman from New Jersey has been sentenced to over five years in prison for an elaborate bank fraud scheme which resulted in losses of more than $2 million.

Acting U.S. Attorney Rachael Honig says 32-year-old Alexis Taylor of Hackensack previously pleaded guilty before a judge to one count of conspiracy to commit bank fraud. The sentence was handed-down on Tuesday.

According to documents filed in this case and statements made in court:

From March 2017 to June 2018, Taylor agreed with others to execute a scheme to defraud various financial institutions located in New Jersey, New York, and elsewhere. She purchased a significant amount of stolen personal identifying information via the dark web, including bank account information and online security question answers. Taylor then used the information to access victim accounts at various banks and other financial institutions.

Taylor, and others acting at her direction, would travel to banks and impersonate victim account holders to withdraw funds from accounts held by the victims at those institutions. Taylor would also communicate with the banks by phone and request that wire transfers be made from victim accounts and into accounts held by Taylor. Finally, it was part of the scheme that Taylor would travel to victims’ homes and intercept debit cards and other financial documents from the mail to facilitate the fraud.

WPG Talk Radio 95.5 FM logo
Enter your number to get our free mobile app

In addition to the prison term, Taylor was also sentenced to four years of supervised release. A hearing on restitution is scheduled for May 10th.

KEEP READING: South Jersey Athletes Who Played/Coached in NBA and MLB

More From WPG Talk Radio 95.5 FM