Financial Fraud in the Bahamas: Local Man Sentenced to 60 Months for Role in $1.2 Million Credit Card Scheme

Background

A Bahamian man, Kevin Dion Rolle, Jr., has been sentenced to five years behind bars for his involvement in a massive credit card fraud scheme that defrauded American Express of over $1 million.

The Scheme

Rolle, 27, participated in a “bust-out” scheme between 2015 and 2020. He applied for multiple credit cards with false identifying information and used them to purchase luxury items such as Cartier jewelry and a Bentley. The total outstanding balance on the credit cards was $1,205,318.18.

Obstruction of Justice

In addition to the fraud, Rolle also obstructed justice by making false statements to the court about his personal background, possession of foreign passports, and supposed ties to New York. At the time of his arrest, he presented an Irish passport, which was later found to have been obtained with a fake US passport. Further investigation revealed that he had falsely claimed to be the president of a college in The Bahamas, the existence of which could not be verified by the FBI.

Sentence and Restitution

Rolle was sentenced to 60 months in prison and ordered to pay restitution in the amount of $1,414,818.18 and forfeit $1,504,818.18. The case is being handled by the Office’s Money Laundering and Transnational Criminal Enterprises Unit, with Assistant US Attorneys Emily A. Johnson and Danielle M. Kudla leading the prosecution.

Commendation

The FBI Foreign Influence Task Force was also commended for their work on the case.

Financial Fraud in the Bahamas

This is just one example of financial fraud in the Bahamas that has been uncovered by authorities. The case highlights the importance of vigilance and cooperation between law enforcement agencies to combat financial crimes.