Virginia dual national charged in decade-long $6.6 million wire fraud scheme

BOSTON — A dual national of the United States and the Philippines was charged in U.S. District Court in Boston with wire fraud for an alleged scheme that stole more than $6.6 million from his employer over ten years.

The defendant, identified in the May 6, 2026, Department of Justice charging document, allegedly transferred funds from company accounts to accounts he controlled or directed. The scheme ran from 2014 through 2024 and involved repeated wire transfers that totaled $6,664,000, per the U.S. Attorney’s Office for the District of Massachusetts.

The charging document states the conduct violates 18 U.S.C. § 1343. If convicted, the defendant faces a statutory maximum of 20 years in prison and a fine of up to $250,000 or twice the gross gain or loss from the offense. The government will seek forfeiture of any property traceable to the proceeds.

The employer is described only as “his employer,” a company that maintained accounts subject to repeated unauthorized transfers. The $6.6 million loss directly reduces corporate assets that would otherwise have been available for operations, payroll, or investment. No estimate of the company’s total size or employee count appears in the charging document.

The case now moves to pretrial proceedings in the District of Massachusetts. Prosecutors must disclose evidence under federal discovery rules, and any restitution order would require the court to calculate exact losses before sentencing. Parallel civil recovery by the victim company remains available outside the criminal case.

This prosecution follows a pattern of Department of Justice efforts targeting long-running insider fraud at U.S. companies. The indictment is the initial charging instrument; no plea or settlement has been announced. The U.S. Attorney’s Office for the District of Massachusetts filed the case on May 6, 2026.