Four Massachusetts men charged in alleged $12.2 million stolen Treasury check scheme
Federal prosecutors say the men arranged for altered U.S. Treasury checks to be deposited at Boston-area banks and credit unions and laundered the money through luxury watches and a Nantucket real estate loan.
Four Massachusetts men were arrested Thursday on federal charges accusing them of taking part in a scheme to deposit more than $12.2 million in stolen U.S. Treasury checks at banks and credit unions in and around Boston, according to the U.S. attorney's office in Boston.
A federal grand jury indicted David Obeng, 24, of Dedham; Lynley Joseph, 26, of Brockton; Lindsley Georges, 33, of Everett; and Shaunsayh Addo, 33, of Leominster, on one count each of conspiracy to commit bank fraud and conspiracy to commit money laundering. A second indictment charges Obeng with wire fraud conspiracy, five counts of bank fraud, two counts of money laundering and one count of aggravated identity theft.
Prosecutors allege that between 2023 and 2026 the men coordinated the theft and deposit of Treasury checks that had been issued to real payees but altered to be payable to shell companies the defendants controlled. Each man allegedly directed deposits in exchange for a cut of the proceeds. The money was then allegedly moved to hide where it came from, including through cashier's checks, the purchase of $310,000 in luxury watches and a $425,000 real estate loan secured by property on Nantucket.
The second indictment alleges Obeng and others gained access to victims' bank and retirement accounts by sending texts that appeared to come from their banks and by posing as bank fraud investigators on the phone, persuading victims to hand over authorization codes. Prosecutors said the group moved money into accounts they controlled and recruited people to pose as customers at bank branches, open accounts and withdraw the proceeds in cash.
According to court records, Georges was convicted of money laundering in federal court in Massachusetts in January 2022 and was on supervised release at the time of the alleged conduct.
After initial appearances in federal court in Boston, Joseph and Addo were released on conditions, while Obeng and Georges remain held pending further hearings.
Eight other people were charged in June 2025, and one more in June, with theft of government funds or bank fraud in connection with the same checks, prosecutors said.
Bank fraud and bank fraud conspiracy each carry up to 30 years in prison. The charges are allegations, and the defendants are presumed innocent unless proven guilty.
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