New York Man Pleads Guilty to $2 Million Wire Fraud Conspiracy

Terrell Fuller admitted to defrauding the SBA and using stolen identities to rent properties.

Terrell Fuller, 34, of Baldwin, New York, pleaded guilty today to conspiring to commit wire fraud, leading to losses exceeding $2 million, U.S. Attorney Philip R. Sellinger announced. Fuller entered his guilty plea before U.S. District Court Judge Stanley R. Chesler in Newark federal court.

According to court documents and statements, Fuller and his co-conspirators submitted a fraudulent application to the Small Business Administration (SBA), which resulted in them receiving approximately $1.2 million. Additionally, they opened bank accounts using false identities and deposited illegally obtained checks into these accounts before attempting to withdraw the funds. Fuller also used stolen personal information to fraudulently rent properties in New York, failing to pay over $400,000 in rent and fees.

In total, Fuller and his co-conspirators obtained more than $2 million in money and property through their fraudulent activities. The wire fraud conspiracy charge carries a maximum penalty of 20 years in prison and a fine of $250,000 or twice the value of the funds involved, whichever is greater. Sentencing is set for February 5, 2025.

The investigation was conducted by the FBI, Franklin Township Resident Agency, and IRS-Criminal Investigation, under the respective direction of Acting Special Agent in Charge Nelson I. Delgado and Special Agent in Charge Jenifer L. Piovesan in Newark. Assistant U.S. Attorney Andrew Kogan of the Cybercrime Unit in Newark represents the government in this case.