THE EVERETT ADVOCATE – FRiDAy, OCTObER 16, 2026 Page 3 Everett Man, Three Others Allegedly Orchestrated $12 Million Fraud Scheme Targeting Massachusetts Banks and Credit Unions Proceeds were allegedly used to purchase luxury watches and jewelry and to extend a $425,000 Nantucket real estate loan B OSTON – Four individuals have been indicted as part of ongoing investigations into the theft and fraudulent deposit of more than $12.2 million in stolen U.S. Treasury checks and more than $1 million in other frauds targeting federally insured banks and credit unions and their customers. The following defendants have been indicted by a federal grand jury on one count each of bank fraud conspiracy and money laundering conspiracy. 1. David Obeng, 24, of Dedham; 2. Lynley Joseph, 26, of Brockton; 3. Lindsley Georges, 33, of Everett; and 4. Shaunsayh Addo, 33, of Leominster. A second indictment also charged Obeng with one count of wire fraud conspiracy, fi ve counts of bank fraud, two counts of money laundering and one count of aggravated identity theft. All four defendants were arrested this morning. Following initial appearances in federal court in Boston, Joseph and Addo were released on conditions and Obeng and Georges remain detained pending hearings to be scheduled at a later date. According to court records, Georges was previously convicted of money laundering in the District of Massachusetts in January 2022. Georges was serving a term of federal supervised release at the time of his alleged participation in the conspiracies charged in the indictment. “Today’s indictment of these four individuals is a major step in bringing justice for all those impacted by this self-serving crime,” said Thomas Demeo, Special Agent in Charge of the Internal Revenue Service Criminal Investigation, Boston Field Offi ce. “For too long, organized criminal elements have preyed on the American public. These individuals thought that they were untouchable, operating with impunity, as they stole treasury checks intended for hard working taxpayers. IRSCI is committed to fi nding defendants involved in fraud and bringing them to justice.” “Today, we arrested four men for their alleged roles in a yearslong, sprawling fraud ring that not only defrauded multiple banks and credit unions out of millions of dollars, but dragged dozens of innocent victims into their scheme. These men apparently thought they found an easy way to score some fast cash, but they couldn’t have been more wrong. Fraud is never the answer if you feel your FRAUD SCHEME | SEE PAGE 9 “WE’RE STILL HERE!” Since 1947 MALDEN AUTO BODY Book online: Maldenauto.com 49 Robin St., Everett, MA 617-389-3030 * Maldenab@yahoo.com Over 79 years of exceptional service! Massone Family Owned & Operated SABATINO/MASTROCOLA INSURANCE AGENCY 519 BROADWAY EVERETT, MA 02149 Auto * Home * Boat * Renter * Condo * Life * Multi-Policy Discounts * Commercial 10% Discounts * Registry Service Also Available PHONE: (617) 387-7466 FAX: (617) 381-9186 Visit us online at: WWW.SABATINO-INS.COM
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