A Dedham man has entered a guilty plea in federal court to charges that include bank fraud and money laundering, a case that highlights the lengths to which individuals may go to defraud financial institutions. The man, Wyoming Killingbarrows, age 30, is facing severe penalties for his scheme, which involved 18 fraudulent bank loan applications over a period of roughly six weeks in 2021.
Killingbarrows, originally named Patricio Junio Brito Pontes Barros, admitted to actions that included both misrepresentation of his income and falsifying paystubs to support his loan applications, his deceit secured him loans totaling over $329,000 from various banks, the funds from which he failed to repay and instead funneled into personal expenses, including certain investments, this according to a statement published by the U.S. Attorney's Office.
The consequences that Killingbarrows faces are significant. The bank fraud charges alone could result in up to 30 years in prison per count, along with substantial financial penalties. The additional money laundering charge also carries a possible decade in prison, not to mention the potential fines which could amount to $250,000 or twice the criminally derived property's value, these details were announced by United States Attorney Leah B. Foley and other federal officials.
U.S. District Court Judge Allison D. Burroughs has set the sentencing for Killingbarrows on Oct. 2, meanwhile, the case is being prosecuted by Assistant U.S. Attorney Brian J. Sullivan of the Narcotics & Money Laundering Unit, the significance of the case is underscored by the involvement of multiple agencies, including the U.S. Secret Service and the Internal Revenue Service's Criminal Investigation unit, efforts which reflect the seriousness with which financial crimes are treated in the judicial system.
