Cumberland man sentenced to 70 months for bank fraud

PROVIDENCE – A 45-year-old man was sentenced to nearly six years in federal prison last week after pleading guilty to bank fraud.
Michael P. Tatro was sentenced to five years and 10 months in federal prison for bank fraud and violating terms of his supervised release, stemming from a previous conviction of bank and tax fraud in 2009, according to the office of Peter F. Neronha, U.S. Attorney for Rhode Island.
Tatro, who pleaded guilty in January, admitted to opening a business account with Bank Rhode Island in 2013 before depositing counterfeit cashier’s checks totaling $108,995. Tatro would quickly withdraw cash from the account, leaving Bank Rhode Island with the fake checks.
In 2013 and 2014, Tatro wrote checks from the Bank Rhode Island business account and deposited them into an account he held with Greenwood Credit Union before quickly withdrawing money from that account.
Chief Judge William E. Smith of U.S. District Court in Rhode Island, ordered Tatro to serve five years and 10 months in prison and an additional five years of supervised release.
The court found that while Tatro was defrauding Bank Rhode Island and Greenwood Credit Union, he was violating terms of supervised release on a previous conviction for bank and tax fraud in 2009 when was sentenced to four years and three months in prison.
He also must pay restitution to the banks he defrauded totaling $45,427.91, according to a press release.

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