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Mass. Man pleads to laundering phone scam proceeds

Department of Justice

U.S. Attorney’s Office

District of Massachusetts


FOR IMMEDIATE RELEASE

Tuesday, April 26, 2022

Springfield Man Pleads Guilty to Money Laundering Conspiracy

BOSTON – A Springfield man pleaded guilty yesterday in federal court in Boston in connection with his involvement in a scheme to launder the proceeds of various phone fraud scams. 

Utkarsh Thakur, 29, pleaded guilty to one count of money laundering conspiracy. U.S. District Court Judge Douglas P. Woodlock scheduled sentencing for Sept. 14, 2022. Thakur was charged on March 29, 2022.

Between January and August 2021, Thakur’s co-conspirators called victims over the phone pretending to be individuals in positions of authority, such as law enforcement, and threaten the victims in order to obtain money. The victims were instructed to mail cash to fictitious individuals at addresses in Massachusetts. Thakur obtained fake identification cards in the names of those fictitious individuals, retrieved the cash mailed by the victims and transported the cash to others involved in the scheme. In total, Thakur laundered more than $1 million in victim funds and kept a portion of those funds for himself.

The charge of money laundering conspiracy provides for a sentence of up to 10 years in prison, three years of supervised release, a fine of $250,000 or twice the gross gain or loss, whichever is greater, and forfeiture. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case

United States Attorney Rachael S. Rollins and Matthew B. Millhollin, Special Agent in Charge of Homeland Security Investigations in Boston made the announcement today. Valuable assistance in the investigation was provided by many local law enforcement partners, including the Norfolk County District Attorney’s Office and the Bellingham Police Department. Assistant U.S. Attorney Christopher J. Markham of Rollins’ Securities, Financial & Cyber Fraud Unit is prosecuting the case.

Link:

DOJ Press Release

Categories: Anti-Money Laundering Department of Justice (DOJ) Updates Enforcement Actions Fraud Pleas and Verdicts

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