Man Pleads Guilty in Credit Union Fraud Ring Conspiracy
Evan Cutler admits to his role in stealing more than $113,000 from Broadview Federal Credit Union in Albany, N.Y.
The last defendant admitted to his role in a five-person fraud ring that conspired to steal more than $113,000 from a New York credit union.
Evan Cutler, 25, of Queensbury, N.Y., pleaded guilty Monday to conspiring to commit bank fraud and aggravated identity theft, according to the U.S. Attorney’s office in Albany.
Cutler admitted during a federal court hearing that between February and October 2022, he organized a conspiracy to defraud the $9.1 billion Broadview Federal Credit Union (BFCU) in Albany by applying for loans using stolen identities of members and withdrawing the loans in cash.
He also admitted he and four other members of the conspiracy ring applied for loans in other people’s names using fake New York driver licenses with their photographs but bearing the names and dates of birth of other people.
One of the co-conspirators was Caeshara Cannon of Albany, a former member service manager at BFCU, who obtained member account information to create counterfeit checks, which were presented for negotiation at some of the credit union’s branches. She is scheduled to be sentenced in October.
Cutler is expected to be sentenced in November.
Other members of the fraud ring, Allahson Allah, Davon Parson and Dnauticah Taylor-Sterman, all of Albany, have pleaded guilty to conspiring to commit bank fraud and aggravated ID theft and are awaiting sentencing.