Tampa, FL – Abraham Othman Yacoub, a 27-year-old resident of Lakeland, has pleaded guilty to bank fraud, as announced by the United States Attorney’s Office. Yacoub could face up to 30 years in federal prison, although a sentencing date has not been set.
From January 2021 to February 2023, Yacoub engaged in fraudulent financial activities through his companies, Visionary Auto Body LLC and Visionary Auto Care LLC. He conducted numerous fraudulent deposits and withdrawals across financial institutions in the Middle District of Florida. Yacoub repeatedly deposited checks that had already been processed into various business accounts he controlled, resulting in the banks crediting his accounts. He then withdrew or spent these funds before the banks discovered the checks had previously been deposited.
Additionally, Yacoub issued fraudulent business checks from closed accounts under the names of his companies. Knowing these accounts lacked funds, he withdrew or attempted to use the credited amounts before the banks realized the accounts were closed.
Yacoub has agreed to forfeit $181,540.51, the total loss incurred by the financial institutions due to his fraudulent schemes. The case is being investigated by the Federal Bureau of Investigation and prosecuted by Assistant United States Attorney Karyna Valdes.
