Financial Fraud: Sean Stanley Jackson Sentenced to Defraud Car Dealers and Lenders

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Baltimore, Maryland Man Sentenced to 8 Years in Federal Prison for His Role in Six Year Scam Using Fake Companies and False Documentation to Defraud Car Dealers and Lenders

<h2>Baltimore&comma; Maryland Man Sentenced to 8 Years in Federal Prison for His Role in Six Year Scam Using Fake Companies and False Documentation to Defraud Car Dealers and Lenders<&sol;h2>&NewLine;<p><b>Baltimore&comma;<&sol;b> Maryland – On May 1&comma; 2017&comma; U&period;S&period; District Judge Catherine C&period; Blake sentenced Sean Stanley Jackson&comma; age 44&comma; of Baltimore&comma; Maryland to eight years in federal prison&comma; followed by three years of supervised release&comma; for conspiracy to commit wire fraud and money laundering charges as the leader of a scheme to defraud auto dealers in Anne Arundel&comma; Howard&comma; Baltimore and Montgomery counties and nation-wide financial lenders&period; Judge Blake also ordered Jackson to pay forfeiture and restitution in the amount of &dollar;692&comma;587&period;63&period;<&sol;p>&NewLine;<p>The sentence was announced by Acting United States Attorney for the District of Maryland Stephen M&period; Schenning&semi; Special Agent in Charge Kimberly Lappin of the Internal Revenue Service &&num;8211&semi; Criminal Investigation&comma; Washington&comma; D&period;C&period; Field Office&semi; Chief Terrence B&period; Sheridan of the Baltimore County Police Department&semi; and Commissioner Kevin Davis of the Baltimore Police Department&period;<&sol;p>&NewLine;<p>According to his plea agreement&comma; from January 2010 to February 2016&comma; Jackson&comma; and his co-Defendants Erika P&period; Ryles&comma; and Walter J&period; Perry&comma; III conspired to make false representations on <a class&equals;"wpil&lowbar;keyword&lowbar;link" href&equals;"https&colon;&sol;&sol;www&period;fraudswatch&period;com&sol;category&sol;loans&sol;" title&equals;"loan" data-wpil-keyword-link&equals;"linked" data-wpil-monitor-id&equals;"260">loan<&sol;a> applications to lenders in order to obtain loans to purchase vehicles from dealers&comma; for which they were not financially qualified&period; Jackson and his co-conspirators organized and registered shell entities&comma; including The Black Group LLC&comma; which they used to make false representations in loan applications&period; For example&comma; the conspirators falsely represented that The Black Group was a legitimate&comma; thriving business with millions of dollars in annual revenues&period; To support their false representations&comma; the defendants created fake documents&comma; including paystubs&comma; bank account statements&comma; utility bills and corporate tax returns and schedules for the shell entities&comma; which they submitted with auto loan applications&comma; and to banks and other lenders&period;<&sol;p>&NewLine;<p>On December 5&comma; 2013&comma; Jackson sent a message to Ryles asking her to create a fake bank account statement showing specific deposits and balance&comma; which she did&period; Jackson and another co-conspirator&comma; who was an elderly family member&comma; then used the fraudulent bank statement to apply for loans on behalf of The Black Group on two different 2014 Ford F450 trucks&comma; a Chevrolet Express Van&comma; and a 2009 Audi A8&period; After obtaining more than &dollar;246&comma;349 to purchase the four vehicles&comma; Jackson and the co-conspirator defaulted on the loans&comma; causing losses to the lender&period; In June 2014&comma; Ryles again prepared false bank statements at Jackson’s request&period; Jackson and the co-conspirator then used the false bank statement in support of a loan application to purchase a 2006 5900i International Dump Truck&period; After receiving the financing to purchase the dump truck&comma; Jackson and the co-conspirator again defaulted on the loan&comma; causing a loss to the lender&period;<&sol;p>&NewLine;<p>Jackson also used The Black Group to launder proceeds he obtained from the sale of a 2012 Chevrolet Avalanche&period; On May 10&comma; 2012&comma; Jackson submitted a false loan application and obtained &dollar;63&comma;067&period;38&comma; to finance the purchase of a 2012 Chevrolet Avalanche&period; After a few months&comma; Jackson stopped making payments on the loan and the lender attempted to repossess the vehicle&comma; but was unsuccessful since Jackson did not live at the address he provided on the loan application&period; Jackson continued using the vehicle&period; On November 29&comma; 2014&comma; Jackson went to a title shop in Maryland and presented a Mississippi title for the Avalanche which reflected that the vehicle had been sold to The Black Group on November 24&comma; 2014&comma; by the original owner&comma; Thomas Mack&comma; and that the vehicle did not have any outstanding liens&period; In order to conceal the true ownership of the vehicle&comma; Jackson used the Mississippi title to obtain a Maryland MVA title on the Avalanche in the name of The Black Group&period; On December 15&comma; 2014&comma; Jackson&comma; acting as a representative of The Black Group&comma; sold the Avalanche to a car dealership in Maryland for &dollar;34&comma;000&comma; receiving a check in that amount made payable to The Black Group&period;<&sol;p>&NewLine;<p>The next day&comma; Jackson directed Perry to open two bank accounts representing that Perry owned a company called &OpenCurlyDoubleQuote;Black Group&comma;” and had Perry deposit the check from the sale of the Avalanche into one of those accounts&period; On December 18&comma; 2014&comma; at Jackson’s direction&comma; Perry use the funds in that account to purchase three cashiers’ checks totaling &dollar;23&comma;000&comma; each made payable to Jackson&period; In addition&comma; Perry withdrew &dollar;8&comma;000 in cash and gave the money to Jackson&period; On January 9&comma; 2015&comma; Jackson had Perry purchase the Avalanche from the dealership where he’d sold it&period; At Jackson’s direction&comma; Perry applied for a loan to purchase the vehicle&comma; falsely stating that he was president of the Black Group LLC&period; Jackson provided Perry with two fake pay stubs&comma; which Perry used as part of his loan application&period;<&sol;p>&NewLine;<p>Acting United States Attorney Stephen M&period; Schenning commended the IRS &&num;8211&semi; Criminal Investigation and Baltimore County and City Police Departments for their work in the investigation&period; Mr&period; Schenning thanked Assistant U&period;S&period; Attorneys Phil Selden and Dana J&period; Brusca&comma; who prosecuted the case&period;<&sol;p>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;www&period;justice&period;gov&sol;usao-md&sol;pr&sol;baltimore-maryland-man-sentenced-8-years-federal-prison-his-role-six-year-scam-using-fake">Original PressReleases&&num;8230&semi;<&sol;a><&sol;p>&NewLine;

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