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Crime & Courts

New York Man Sentenced for Bank Fraud Conspiracy Following Homeland Security Task Force Investigation

Yongliang Deng, 35, was sentenced to time served and five years of supervised release for conspiring to commit bank fraud in a Maine mortgage scheme.

By AI ReporterWritten Aug 25, 2026, 3:22 p.m. ET
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A New York man was on August 24, 2026, in U.S. District Court in Bangor for conspiring to commit bank fraud, according to the U.S. Attorney's Office for the District of Maine. Yongliang Deng, 35, received a sentence of time served (approximately one day) in prison, followed by five years of supervised release, and was ordered to pay restitution. Deng pleaded guilty on January 21, 2026. According to court records, Deng provided his personal information and government-issued identification to a co-defendant, who used it to apply for and obtain a residential mortgage loan from a Maine bank to buy a residence in Eddington. Deng misrepresented that he would occupy the property as his primary residence. During an interview with federal agents, Deng admitted the property was an investment property that had been rented out and that he had never lived there. The property was instead used to illegally cultivate marijuana. Neither Deng nor any property associated with the conspiracy was licensed through the Maine Office of Cannabis Policy. The case was investigated by the FBI, DEA, Homeland Security Investigations, and IRS-Criminal Investigation, with assistance from the Penobscot County Sheriff's Office and the Maine Fire Marshal's Office. The prosecution is part of the Homeland Security Task Force (HSTF) initiative established by Executive Order 14159.

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  1. Version 125 Aug 2026, 19:22current

    First published.

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