One ordered imprisoned in bank fraud scheme

Wednesday, February 12, 2003

ST. LOUIS -- A Detroit man who once lived in the St. Louis area was ordered Tuesday to spend four years in federal prison and pay $34,222 in restitution to three banks he defrauded.

Stanley P. Grandberry, 59, pleaded guilty Nov. 19 to one felony count apiece of bank fraud and misuse of a Social Security number.

In mid-1998, prosecutors said, Grandberry began a bank fraud scheme by persuading various people to give him access to their ATM cards and personal identification numbers, or PIN, so he could access their accounts through bank automated teller machines.

The checks in question were deposited into Commerce Bank, Bank of America, and Mercantile Bank -- now US Bank.

Additionally, Grandberry obtained a Missouri driver's license using a false Social Security number.

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