United States Attorney's Office for the Southern District of Florida

05/28/2024 | Press release | Distributed by Public on 05/28/2024 10:16

Jury convicts woman of wire fraud for submitting altered bank statements with a business line of credit application

Press Release

Jury convicts woman of wire fraud for submitting altered bank statements with a business line of credit application

Tuesday, May 28, 2024
For Immediate Release
U.S. Attorney's Office, Southern District of Florida

MIAMI - On May 22, a Fort Lauderdale federal jury convicted Elaine Escoe, 39, of Delray Beach, Florida of wire fraud after submitting altered bank statements in an attempt to fraudulently obtain a line of credit for her business.

Escoe submitted altered bank statements in support of an application for a business line of credit. The altered bank statements obscured the true name of the bank account along with inflated cash balances.

A sentencing hearing is scheduled for Aug. 14 before U.S. District Judge Melissa Damian. Escoe faces up to 20 years in prison. The federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

U.S. Attorney Markenzy Lapointe for the Southern District of Florida and Special Agent in Charge Jeffrey B. Veltri of the FBI, Miami Field Office, made the announcement.

FBI Miami investigated the case. Assistant U.S. Attorneys Jonathan Bailyn and Katie L. Sadlo prosecuted the case. Assistant U.S. Attorney Marx Calderon is handling asset forfeiture.

Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov under case number 24-CR-80010.

###

Contact

Public Affairs Unit

U.S. Attorney's Office

Southern District of Florida

[email protected]

Updated May 28, 2024
Topic
Financial Fraud