Vice President of A&B Check Cashing Sentenced in $12.4 Million Check Kiting

U.S. District Judge Benson E. Legg, Jr. sentenced Brian I. Satisky, age 56, of Pikesville, Maryland, today to three years in prison, followed by four years of supervised release, for bank fraud in connection with a check kiting scheme in which his check cashing service business withdrew money based upon inflated balances in its business accounts. Judge Legg also ordered Satisky to pay restitution totaling $12.4 million to the victim banks. The sentence was announced by United States Attorney for the District of Maryland Rod J. Rosenstein and Special Agent in Charge Richard A. McFeely of the Federal Bureau of Investigation. "Mr. Satisky did not use a weapon, but his specialty was stealing money from banks,” said U.S. Attorney Rod J. Rosenstein. "This was essentially a bank robbery scheme carried out by con artists who caused one of the largest fraud losses ever prosecuted in Maryland, resulting in actual losses of more than $12 million to local banks.” Posted in: Check Fraud