Woman from San Francisco Convicted of Bank Fraud

Posted by Chris Morales on Fri, Dec 16, 2011 @ 12:45 AM

 SFC2

Former San Francisco resident, Janelyn Dasig was sentenced to four years of Federal prison time for her part in defrauding several Wells Fargo Banks inTreasure Valley, Idaho. Dasig (27) pleaded guilty to charges of aggravated identity theft and bank fraud.

She admitted that she went to branches of the bank in Eagle,Nampa and Boise with falsified IDs. Using her fraudulent personas, she made withdrawals from bank accounts that did not belong to her. The fake ID cards featured Janelyn’s picture along with the names of the real customers and their personal information. She used these means to withdraw $18,300 approximately.

The authorities arrested both Dasig and her companion Luisa Lamonthe (29), a former resident of Oakland. A third accomplice, Justine Lingatong will face trial for the same charges in January, 2012.

What is Bank Fraud?

According to Section 1344, Chapter 63, Part I, Title 18, of the U.S Code, a person who knowingly executes or tries to execute a scheme to deceptively defraud a financial institution in order to obtain funds, assets, credits, securities or any other property under the custody of a financial institution through fraudulent means is considered guilty of bank fraud. This is also applicable to property owned by the financial institution. The penalty for bank fraud is a maximum fine of $1 million and the maximum prison sentence is 30 years. In some cases both a fine and prison time are parts of the sentence.

What is Aggravated Identity Theft?

According to Title 18, Part I, Chapter 47, Section 1028A of the United States Code, a person guilty of aggravated identity theft is someone who knowingly uses identification that belongs to another person illegally. The penalty for this is a two year prison term without probation.

If you want to find out more about San Francisco White Collar Criminal Defense, you can set up an appointment with Mr. Morales by contacting us. 

Tags: white collar crime, Identity theft, bank fraud