Singleton sentenced for theft and wire fraud

Charles M. Oberly, III, United States Attorney for the District of Delaware, announced that Keith Singleton, 43, of Schwenksville, Pennsylvania, was sentenced by United States District Court Judge Sue L. Robinson to 96 months of imprisonment and 5 years of supervised release. Singleton was also ordered to pay restitution in the amount of $2,384,078.45, and was ordered to forfeit his interest in property related to the crimes.

The sentencing came after Singleton was convicted in September 2010, at the end of a five-day jury trial, for his part in a scheme to steal approximately $2.9 million from Citigroup, Inc. The jury found Singleton and his co-defendant, Eugene Watson, guilty of one count of conspiracy to commit wire fraud, in violation of 18 U.S.C. § 1349, and found Singleton guilty of 14 counts of wire fraud, in violation of 18 U.S.C. § 1343, and two counts of engaging in monetary transactions in property derived from specified unlawful activity, in violation of 18 U.S.C. § 1957.

Posted in: ACH and Wire Fraud Internal Fraud