Dedham man received over $300K in fraudulent bank loans, feds say
A Dedham man was charged in connection with over $300,000 received in fraudulent bank loans in 2021, United States Attorney Leah Foley's office said.
Wyoming Killingbarrows, 30, whose birth name is Patricio Junio Brito Pontes Barros, was charged with four counts of bank fraud and one count of money laundering, Foley's office said in a statement .
Between June 2 and July 17, 2021, Killingbarrows turned in 18 fake bank loan applications, the statement read. In these applications, he used his birth name, misrepresented his income and turned in fraudulent pay stubs from a company. He was issued loans totaling $329,002 and failed to pay any of those loans back.
Killingbarrows then used the money for personal expenses, including investments, Foley's office said.
The charges of bank fraud each provide for a sentence of up to 30 years in prison, five years of supervised release and a fine of up to $1,000,000. The money laundering charge provides for a sentence of up to 10 years in prison, three years of supervised release, and a fine of up to $250,000 or twice the amount of the criminally derived property involved in the transaction.
