A Dedham man has pleaded guilty to multiple counts of bank fraud and money laundering in a case that highlights the serious consequences of financial deception. Wyoming Killingbarrows, 30, who was born Patricio Junio Brito Pontes Barros, admitted in federal court to submitting 18 fraudulent loan applications over a six-week period in 2021. His plea includes four counts of bank fraud and one count of money laundering. Sentencing is scheduled for October 2, 2025, in U.S. District Court in Boston.
According to court documents, Killingbarrows used his birth name on various loan applications and falsely represented his income, submitting fabricated paystubs from a business to support his claims. Based on these misrepresentations, banks approved loans totaling $329,002. Instead of repaying the loans, he used the funds for personal expenses, including investments. This type of fraudulent behavior not only harms financial institutions but also undermines trust in the banking system.
Bank fraud is a federal offense that carries severe penalties. Each count can result in up to 30 years in prison, five years of supervised release, and a fine of up to $1 million. The money laundering charge adds another layer of potential consequences, including up to 10 years in prison, three years of supervised release, and fines of up to $250,000—or twice the value of the illegally obtained funds. Sentencing will be determined based on federal guidelines and the judge’s assessment of the case.
These charges demonstrate the high stakes for individuals who engage in schemes to defraud financial institutions and conceal the origins of illicit funds. A conviction for bank fraud and money laundering can lead not only to incarceration and fines but also long-term damage to personal and professional reputations. Anyone facing similar allegations should consult with an experienced criminal defense attorney to understand their rights and legal options.
Killingbarrows’ guilty plea is a reminder that federal authorities remain vigilant in investigating and prosecuting white-collar crimes. The collaboration between the U.S. Attorney’s Office, the U.S. Secret Service, and the IRS Criminal Investigation unit reflects the government’s commitment to holding individuals accountable for complex financial fraud schemes.
At Dhar Law, LLP, our firm has extensive experience defending individuals charged with federal bank fraud charges and other related financial offenses. We understand the stakes, and we know how to build a strategic defense in even the most complex cases.
Contact us today at 617-880-6155 to schedule a confidential consultation and learn how we can help you navigate federal bank fraud charges and fight for your rights and your future.
