A Maryland man has been arrested and charged with bank fraud after allegedly stealing more than $1 million from more than 40 victims, many of them elderly, US authorities said.
Roy Dave Davis, 34, of Hyattsville, is accused of obtaining personal information belonging to customers of a financial institution from May 2023 onwards, according to the US Attorney’s Office for the District of Maryland.
Prosecutors allege that he redirected the mailing addresses on the victims’ accounts to properties he controlled in Maryland before ordering debit cards in their names.
The cards were then allegedly used for more than 1,500 cash withdrawals and direct purchases. The withdrawals generated more than $1 million, while more than $100,000 was spent on luxury fashion items, authorities said.
The alleged victims included senior citizens with an average age of 81. Davis is also accused of obtaining and using debit cards belonging to small businesses, deceased people and a charter school.
The case was announced by Kelly O Hayes, the US Attorney for Maryland, alongside Damon E Wood of the US Postal Inspection Service’s Washington division. The investigation was conducted by postal inspectors.
Davis has been charged by criminal complaint, which is not a finding of guilt. He is presumed innocent unless and until proven guilty in court.
If convicted of bank fraud, he could face a maximum sentence of 30 years in federal prison, although any sentence would be determined by a judge after considering federal sentencing guidelines and other legal factors.
