Man Sentenced to Seven Years for Multimillion-Dollar Wire Fraud Conspiracy

Defendant also ordered to pay nearly $2.3 million in restitution.

NEWARK, N.J. – A 34-year-old man from Baldwin, New York has been sentenced to 84 months in prison after pleading guilty to participating in a wide-ranging wire fraud scheme that netted more than $2 million, Acting U.S. Attorney Vikas Khanna announced. Terrell Fuller appeared before U.S. District Judge Stanley R. Chesler, who imposed the sentence and ordered the defendant to serve three years of supervised release and pay $2,289,816.06 in restitution.

Scheme to Defraud

According to court records and statements made at sentencing, Fuller and his co-conspirators engaged in several fraudulent operations, including:

• Submitting a fraudulent application to the Small Business Administration (SBA), resulting in a $1.2 million payout.
• Opening bank accounts in the names of various entities and individuals, depositing illegally obtained or fake checks into them, and withdrawing funds.
• Using stolen personal identifying information to rent living spaces in New York, then failing to pay over $400,000 in rent and fees.

Collectively, these schemes brought in over $2 million in illicit gains for Fuller and his co-conspirators.

Investigation and Prosecution

Acting U.S. Attorney Khanna credited:

• FBI Franklin Township Resident Agency, under Acting Special Agent in Charge Terence G. Reilly.
• IRS–Criminal Investigation, led by Special Agent in Charge Jenifer L. Piovesan in Newark.

The case was prosecuted by Assistant U.S. Attorney Andrew Kogan of the Cybercrime Unit in Newark.