Texas Man Pleads Guilty to $15,000,000 Bank Fraud Using Fake IDs

Federal prosecutors have secured a guilty plea from a Texas man accused of depositing more than $15 million in fraudulent U.S. Treasury checks through fake accounts and stolen identities.

Kendrick Lamont Fugett, 34, of West Dallas admitted to the charges on September 17th, 2026, before Chief U.S. District Court Judge Reed O’Connor in the Northern District of Texas, says the U.S. Attorney’s Office for the Northern District of Texas.

He posed as a chief financial officer to open accounts at multiple banks, including one in Dallas where he deposited a $13.8 million Treasury refund check using a fake Texas driver’s license and fraudulent corporate documents.

In another instance, Fugett used a fake Illinois driver’s license to deposit a $447,000 refund check at a Bank of America branch in Mesquite while impersonating a company chairman.

Says U.S. Attorney Ryan Raybould,

“Mr. Fugett’s guilty plea reflects our office’s commitment to protecting federal funds. We will continue to work closely with our law enforcement partners to hold accountable those who steal from the American taxpayer and Main Street Americans.”

Fugett was arrested on August 20th and faces a maximum of 30 years in prison, with sentencing set for January 14th, 2027.

IRS Criminal Investigation led the case, which is being prosecuted by Assistant U.S. Attorneys Ignacio Perez de la Cruz and Alexander Schwab.

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The post Texas Man Pleads Guilty to $15,000,000 Bank Fraud Using Fake IDs appeared first on The Daily Hodl.