DOJ: Hopkinton Woman Sentenced to Prison for Role in Bank Fraud Ring

• Parks impersonated at least eight bank customers and withdrew $536,000 using fake driver’s licenses.
• Six men were charged in a related multi-million-dollar scheme, with several co-defendants pleading guilty.

Rosemary Parks, aged 59, was sentenced in federal court to 26 months in prison and ordered to pay $4,000 in restitution for bank fraud and aggravated identity theft. She impersonated at least eight bank customers between August 2024 and October 2024, using fake driver’s licenses to withdraw $536,000 from their accounts.

The case is part of a broader investigation, with six men charged in July 2025 for a related multi-million-dollar scheme targeting banks in Massachusetts, Connecticut, and Rhode Island. Several co-defendants, including William Shaw, have pleaded guilty and are awaiting sentencing.

• 26 months prison sentence for Rosemary Parks
• $536,000 amount withdrawn from customer accounts
• $4,000 restitution ordered

• Review customer authentication procedures for detection of fake driver’s licenses as used by Rosemary Parks.
• Audit withdrawal processes for unusual activity involving cashier’s checks and cash withdrawals linked to impersonation.
• Screen for connections to the multi-million-dollar scheme involving six men charged in July 2025 and related co-defendants.

This case highlights the risks posed by sophisticated impersonation and identity theft tactics targeting financial institutions. Compliance officers must ensure robust customer verification and transaction monitoring systems to detect and prevent fraudulent withdrawals, especially those involving fake identification and coordinated criminal groups. The involvement of multiple defendants and multi-state operations underscores the importance of cross-jurisdictional cooperation and timely reporting of suspicious activities to mitigate large-scale financial losses.