BOSTON — A 28-year-old Lynn man pleaded guilty to bank fraud on Tuesday, admitting to impersonating bank customers and fraudulently withdrawing more than $640,000 from their bank accounts.
Antonio Niati pleaded guilty in U.S. District Court to charges of conspiracy to commit bank fraud and aiding and abetting aggravated identity theft.
The scheme started in 2017 when Niati recruited a bank teller working at a Santander Bank branch in Dorchester to help him conduct fraudulent transactions in victims’ bank accounts, according to the U.S. attorney’s office.
On three separate occasions in April of that year, another co-conspirator withdrew funds from two Santander Bank customers’ accounts by using fraudulent driver’s licenses with the help of Niati and the recruited bank teller, prosecutors said.
Niati was arrested in September and will be sentenced in August. He faces up to 32 years in prison, fines of up to $1.25 million and up to six years of supervised release.