Federal prosecutors have secured a guilty plea from a Boston man accused of using fake identification to drain hundreds of thousands of dollars from customer accounts.
William Shaw, 68, admitted to four counts of bank fraud and four counts of aggravated identity theft in federal court, says the U.S. Attorney’s Office for the District of Massachusetts.
The defendant posed as at least 13 account holders from late 2022 into early 2025 by presenting forged driver’s licenses that carried the victims’ details alongside his own photograph.
He also submitted withdrawal forms listing the customers’ names and account numbers to obtain cashier’s checks and cash totaling more than $900,000.
Judge Julia E. Kobick set sentencing for January 6th, 2027, after Shaw was charged in January 2026.
Separately, authorities charged six additional men in July 2025 as part of a larger multi-state bank fraud investigation covering Massachusetts, Connecticut and Rhode Island.
Three of those defendants have already entered guilty pleas and await sentencing, while another received a sentence in a connected case.
A bank fraud conviction carries up to 30 years in prison along with fines reaching $1 million or twice the amount gained or lost.
Each aggravated identity theft count requires at least two years in prison served consecutively to any other term.
Assistant U.S. Attorney Kristen Kearney is handling the prosecution.
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