On February 26, 2020, in the Southern District of New York, Oris Sanchez Olivo was sentenced to two counts of bank fraud for her role in a scheme involving U.S. Treasury checks. In June 2019, Sanchez Olivo was indicted for conspiracy to commit bank fraud, bank fraud, and aggravated identity theft.

According to the court documents, from at least September 2017 up to and including about December 2018, Sanchez Olivo and Danibel Luis knowingly and willfully executed a scheme to defraud financial institutions by making deposits that were then insured by the Federal Deposit Insurance Corporation and by depositing fraudulently endorsed checks into bank accounts from which they then withdrew funds to which they were not entitled. They deposited U.S. Treasury checks into the accounts. According to the court documents, it is estimated that Sanchez Olivo and Luis opened or accessed approximately 23 bank accounts as part of the scheme and endorsed and deposited checks totaling approximately $418,175, which belonged to others.

Sanchez Olivo was sentenced to three months' imprisonment followed by three years' supervised release, three months of which will be served under home confinement. Sanchez Olivo was further ordered to pay $60,039.44 in restitution and a special assessment of $100.

Source:  The facts in this case narrative come from the following publicly available documents: S.D.N.Y. Complaint filed April 17, 2019; S.D.N.Y. Indict. filed June 28, 2019;; and S.D.N.Y. Judgment filed March 4, 2020.