Investigations

On March 22, 2017, Latoya Monique James of Chicago, Illinois, pleaded guilty in U.S. District Court, Boston, Massachusetts, to conspiracy to commit bank fraud and money laundering.

 

Between January 2014 and January 2016, James applied for and obtained bank loans, purportedly to finance the purchase of airplanes, using stolen and falsified identities and documents, including FAA medical certificates and FAA aircraft security agreements. In addition, she opened bank accounts in the names of fictitious corporations and used the proceeds of the fraudulent loans to make deposits in other bank accounts and purchase automobiles and other items.

 

DOT-OIG is conducting this investigation jointly with the FBI.