{"id":47966,"date":"2026-07-17T07:04:52","date_gmt":"2026-07-17T07:04:52","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=47966"},"modified":"2026-07-17T07:04:52","modified_gmt":"2026-07-17T07:04:52","slug":"man-steals-9320000-from-banks-in-new-york-spinning-worthless-checks-into-cash-doj","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=47966","title":{"rendered":"Man Steals $9,320,000 From Banks in New York, Spinning Worthless Checks Into Cash: DOJ"},"content":{"rendered":"

\"\"<\/p>\n

A Long Island bus company owner has admitted to orchestrating a multi-million-dollar bank fraud conspiracy.<\/p>\n

The U.S. Attorney\u2019s Office for the Eastern District of New York says<\/a> John Mensch rapidly wrote and deposited worthless checks between accounts at two local banks.<\/p>\n

Using special privileges that let him access his money immediately, he tricked the banks into advancing him about $9.32 million that he and the company never actually had.<\/p>\n

Says special agent in charge Matt McCool,<\/p>\n

\u201cThis was not a victimless crime. It was a sophisticated scheme involving millions of dollars in fraudulent checks to benefit the defendant, while threatening the integrity of the banking system and harming his creditors, customers and employees.<\/em><\/p>\n

This sentencing should serve as a warning to other criminal fraudsters: We will catch you and you will be held accountable.\u201d<\/em><\/p>\n

Mensch has now been sentenced to 18 months in prison for bank fraud conspiracy, and has been ordered to pay approximately $9.33 million in restitution for the crime.<\/p>\n

The government\u2019s case is being handled by the Criminal Section of the Office\u2019s Long Island Division.<\/p>\n

Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nDon’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n<\/p>\n

\n
<\/div>\n

&nbsp<\/p>\n

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: Midjourney
\n<\/span><\/em><\/p>\n

The post Man Steals $9,320,000 From Banks in New York, Spinning Worthless Checks Into Cash: DOJ<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A Long Island bus company owner has admitted to orchestrating a multi-million-dollar bank fraud conspiracy. The U.S. Attorney\u2019s Office for the Eastern District of New York says John Mensch rapidly wrote and deposited worthless checks between accounts at two local banks. Using special privileges that let him access his money immediately, he tricked the banks […]<\/p>\n","protected":false},"author":1,"featured_media":47967,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-47966","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nMan Steals $9,320,000 From Banks in New York, Spinning Worthless Checks Into Cash: DOJ - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=47966\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Man Steals $9,320,000 From Banks in New York, Spinning Worthless Checks Into Cash: DOJ - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"A Long Island bus company owner has admitted to orchestrating a multi-million-dollar bank fraud conspiracy. The U.S. Attorney\u2019s Office for the Eastern District of New York says John Mensch rapidly wrote and deposited worthless checks between accounts at two local banks. Using special privileges that let him access his money immediately, he tricked the banks […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=47966\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-17T07:04:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/09\/scammers-wipe-out-bank.jpg?resize=1024,600\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=47966#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=47966\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Man Steals $9,320,000 From Banks in New York, Spinning Worthless Checks Into Cash: DOJ\",\"datePublished\":\"2026-07-17T07:04:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=47966\"},\"wordCount\":323,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=47966#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/scammers-wipe-out-bank-PJvCFU.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=47966\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=47966\",\"name\":\"Man Steals $9,320,000 From Banks in New York, Spinning Worthless Checks Into Cash: DOJ - Cryptomag\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=47966#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=47966#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/scammers-wipe-out-bank-PJvCFU.jpg\",\"datePublished\":\"2026-07-17T07:04:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=47966#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptomag.finance\\\/?p=47966\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=47966#primaryimage\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/scammers-wipe-out-bank-PJvCFU.jpg\",\"contentUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/scammers-wipe-out-bank-PJvCFU.jpg\",\"width\":1024,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=47966#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptomag.finance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Man Steals $9,320,000 From Banks in New York, Spinning Worthless Checks Into Cash: DOJ\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/\",\"name\":\"Cryptomag\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptomag.finance\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\",\"name\":\"Crypto Magazine\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"caption\":\"Crypto Magazine\"},\"sameAs\":[\"https:\\\/\\\/cryptomag.finance\",\"https:\\\/\\\/x.com\\\/cryptomagz\"],\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Man Steals $9,320,000 From Banks in New York, Spinning Worthless Checks Into Cash: DOJ - Cryptomag","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptomag.finance\/?p=47966","og_locale":"en_US","og_type":"article","og_title":"Man Steals $9,320,000 From Banks in New York, Spinning Worthless Checks Into Cash: DOJ - Cryptomag","og_description":"A Long Island bus company owner has admitted to orchestrating a multi-million-dollar bank fraud conspiracy. The U.S. Attorney\u2019s Office for the Eastern District of New York says John Mensch rapidly wrote and deposited worthless checks between accounts at two local banks. Using special privileges that let him access his money immediately, he tricked the banks […]","og_url":"https:\/\/cryptomag.finance\/?p=47966","og_site_name":"Cryptomag","article_published_time":"2026-07-17T07:04:52+00:00","og_image":[{"url":"https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/09\/scammers-wipe-out-bank.jpg?resize=1024,600","type":"","width":"","height":""}],"author":"Crypto Magazine","twitter_card":"summary_large_image","twitter_creator":"@cryptomagz","twitter_site":"@cryptomagz","twitter_misc":{"Written by":"Crypto Magazine","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptomag.finance\/?p=47966#article","isPartOf":{"@id":"https:\/\/cryptomag.finance\/?p=47966"},"author":{"name":"Crypto Magazine","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"headline":"Man Steals $9,320,000 From Banks in New York, Spinning Worthless Checks Into Cash: DOJ","datePublished":"2026-07-17T07:04:52+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=47966"},"wordCount":323,"image":{"@id":"https:\/\/cryptomag.finance\/?p=47966#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/scammers-wipe-out-bank-PJvCFU.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cryptomag.finance\/?p=47966","url":"https:\/\/cryptomag.finance\/?p=47966","name":"Man Steals $9,320,000 From Banks in New York, Spinning Worthless Checks Into Cash: DOJ - Cryptomag","isPartOf":{"@id":"https:\/\/cryptomag.finance\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=47966#primaryimage"},"image":{"@id":"https:\/\/cryptomag.finance\/?p=47966#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/scammers-wipe-out-bank-PJvCFU.jpg","datePublished":"2026-07-17T07:04:52+00:00","author":{"@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"breadcrumb":{"@id":"https:\/\/cryptomag.finance\/?p=47966#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptomag.finance\/?p=47966"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptomag.finance\/?p=47966#primaryimage","url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/scammers-wipe-out-bank-PJvCFU.jpg","contentUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/scammers-wipe-out-bank-PJvCFU.jpg","width":1024,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/cryptomag.finance\/?p=47966#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptomag.finance\/"},{"@type":"ListItem","position":2,"name":"Man Steals $9,320,000 From Banks in New York, Spinning Worthless Checks Into Cash: DOJ"}]},{"@type":"WebSite","@id":"https:\/\/cryptomag.finance\/#website","url":"https:\/\/cryptomag.finance\/","name":"Cryptomag","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptomag.finance\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040","name":"Crypto Magazine","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","caption":"Crypto Magazine"},"sameAs":["https:\/\/cryptomag.finance","https:\/\/x.com\/cryptomagz"],"url":"https:\/\/cryptomag.finance\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/47966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47966"}],"version-history":[{"count":0,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/47966\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/media\/47967"}],"wp:attachment":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}