Miami, Florida – On February 21, Latron Earl Williams, a 24-year-old Miami resident, was taken into custody following an indictment by a federal grand jury. He faces several charges, including multiple counts of bank fraud and aggravated identity theft, in connection with a sophisticated scheme that targeted unsuspecting bank account holders across the nation.
A Sophisticated Fraud Scheme Unveiled
From April 2022 through March 2023, Williams allegedly embarked on a fraudulent spree, gathering personal identifiable information (PII) from numerous bank account holders. The information gathered ranged from addresses and debit card numbers to bank account details. Once in possession of the data, Williams impersonated these account holders, gaining unauthorized access to their accounts. His actions led to the illegal transfer of over $2 million from the bank accounts of approximately 50 victims nationwide into bank accounts under his control.
To further cover his tracks and ensure the success of his fraudulent activities, Williams arranged for accomplices to withdraw these fraudulently obtained funds. This move was strategically aimed at concealing his direct involvement in the scheme, demonstrating a calculated effort to exploit the victims and the banking system for personal gain.
If convicted of the charges laid against him, Williams faces a severe legal battle with substantial consequences. Each count of bank fraud carries a potential sentence of up to 30 years in prison. Additionally, aggravated identity theft carries a mandatory minimum penalty of two years, which must be served consecutively following any sentence for bank fraud. The final decision on Williams’ fate rests with U.S. District Judge Roy K. Altman, who will determine the appropriate sentence.
The Federal Deposit Insurance Corporation Office of Inspector General (FDIC-OIG), Electronic Crimes Unit, and the United States Secret Service (USSS) Miami Field Office were leading the investigation. Assistant U.S. Attorney Michael B. Homer leads the prosecution.
