New York men sentenced in conspiracy involving fraud in Rhode Island, Massachusetts, New Hampshire, Vermont, Pennsylvania, New Jersey, Ohio, Maryland, West Virginia

PROVIDENCE – A New York man is the second individual to be sentenced to federal prison for his role in a multi-state bank fraud conspiracy that victimized at least 28 people and 20 businesses, announced Acting United States Attorney Sara Miron Bloom.

Jaymark Larios, 23, of Bronx, NY, was sentenced on Tuesday by U.S. District Court Chief Judge John McConnell, Jr., to 24 months of incarceration to be followed by 3 years of supervised release, and to pay restitution in the amount of $93,200. Larios pleaded guilty on March 6, 2025, to a charge of conspiracy to commit bank fraud.

Another member of the conspiracy, Paul Keenan, 54, of Bronx, NY, was sentenced on June 23, 2025, to a term of incarceration of 24 months in prison to be followed by three years of supervised release. He pleaded guilty on February 27, 2025, to a charge of conspiracy to commit bank fraud.

Court documents reflect that members of the conspiracy traveled to multiple states in 2023 and early 2024 to recruit and organize individuals and obtain their photographs and personal identifying information, including Social Security numbers, dates of birth, and banking information. Additionally, conspirators obtained business names and banking information of nearly two dozen business entities. The information collected was used to create fraudulent IDs and checks.

According to information presented to the court, members of the conspiracy traveled with their recruits to banks in Rhode Island, Massachusetts, Massachusetts, New Hampshire, Vermont, Pennsylvania, New Jersey, Ohio, Maryland, West Virginia, and elsewhere to cash fraudulent checks created by members of the conspiracy. At least 28 individuals and 20 businesses were victimized.

Through the scheme, conspirators attempted to defraud banks of a total of approximately $143,000, successfully defrauding 22 banks of a total of approximately $93,200.

The cases were prosecuted by Assistant United States Attorney Christine Lowell.

The matter was investigated by Homeland Security Investigations and the East Providence Police Department, with the assistance of the Portsmouth Police Department.