A Bridgeport resident was charged in an 18-count indictment with offenses related to the depositing of stolen and counterfeit checks at the Newtown Savings Bank.
A federal grand jury in New Haven indicted Ronald Boyd, who was accused with running a scheme between November 2021 and April 2022. In this scheme, Boyd and accomplices dubbed “runners” opened bank accounts at Newtown Savings Bank, and then conducted transactions so that the accounts appeared legitimate ”“ an act known in miscreant circles “seasoning” the account.
Boyd would then deposit stolen and counterfeit checks into the runners”™ accounts and would later withdraw the money from the various accounts.
The indictment charged Boyd with one count of conspiracy to commit bank fraud, which carries a maximum term of imprisonment of 30 years; 10 counts of bank fraud, which carries a maximum term of imprisonment of 30 years on each count; and seven counts of possession of stolen mail, which carries a maximum term of imprisonment of five years on each count.
Boyd has been detained since May 8 after being arrested on unrelated state charges. He has pleaded not guilty to the federal charges. A trial date has yet to be scheduled.
