BY: STAFF REPORT | BocaNewsNow.com
DELRAY BEACH, FL (BocaNewsNow.com) (Copyright © 2024 MetroDesk Media, LLC) — A Delray Beach woman is facing federal prison after a jury convicted her of wire fraud. Elaine Escoe, 39, according to prosecutors, submitted altered bank statement in an attempt to fraudulently obtain a line of credit for her business.
According to DOJ: “Escoe submitted altered bank statements in support of an application for a business line of credit. The altered bank statements obscured the true name of the bank account along with inflated cash balances.”
A sentencing hearing is scheduled for Aug. 14 before U.S. District Judge Melissa Damian. Escoe faces up to 20 years in prison. The federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
U.S. Attorney Markenzy Lapointe for the Southern District of Florida and Special Agent in Charge Jeffrey B. Veltri of the FBI, Miami Field Office, made the announcement.
FBI Miami investigated the case. Assistant U.S. Attorneys Jonathan Bailyn and Katie L. Sadlo prosecuted the case. Assistant U.S. Attorney Marx Calderon is handling asset forfeiture.
