Ringleader of Multi-State Bank Fraud Scheme Sentenced to Five Years in Prison
Eddarrius Tyjuan Wallace, 37, of York, Alabama, was sentenced on August 24, 2026, to 60 months in prison and fined $25,000 for his role in a multi-state bank fraud scheme.
2 reports on this incident · first at Aug 25, 2026, 2:50 p.m. ET
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Earlier reports
Aug 25, 2026, 2:50 p.m. ETFirst report
Ringleader of Multi-State Bank Fraud Scheme Sentenced to Five Years
A Sumter County man has been sentenced for his role in a multi-state bank fraud scheme, announced U.S. Attorney Phillip W. Williams Jr. on August 24, 2026. U.S. District Judge Anna M. Manasco sentenced Eddarrius Tyjuan Wallace, 37, of York, Alabama, to 60 months in prison and a $25,000 fine. In May, Wallace pleaded guilty to conspiracy to commit bank fraud and bank fraud.
According to court documents, between June and September 2023, Wallace organized and managed a multi-state bank fraud conspiracy targeting the fraudulent deposit and withdrawal of United States Treasury checks. Wallace recruited and trained others to carry out his fraud scheme. In June 2023, the scheme was brought to the attention of law enforcement when a bank in Tuscaloosa, Alabama, reported that two U.S. Treasury checks with forged endorsements had been deposited. Over the course of the conspiracy, multiple fraudulent deposits and withdrawals were made in Alabama and Mississippi totaling over $1.8 million. During this time, Wallace was on bond for state offenses.
On September 19, 2023, officers with the Madison Police Department in Mississippi arrested Wallace and five others during a traffic stop. Wallace was the driver and had $11,969 of cash in his pocket. Officers searched the vehicle and found a fraudulent identification card, mail, and multiple bank debit cards with names that did not match any of the car's occupants.
“This type of fraud is a double problem: it steals money from the federal government and undermines the integrity of our banking system,” said U.S. Attorney Williams. “My office will continue to work closely with our law enforcement partners to investigate and prosecute those who steal from the government and manipulate the financial system for personal gain.”
The U.S. Treasury Inspector General for Tax Administration investigated the cases along with the Mississippi Attorney General’s Office and the Madison, Mississippi, Police Department. Assistant U.S. Attorney Daniel S. McBrayer prosecuted the case.
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- Version 125 Aug 2026, 18:52current
First published.
- Version 125 Aug 2026, 18:50current
First published.
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