Judge's gavel next to law books. Source: Shutterstock.

A New York man who led a multi-state conspiracy that involved stealing nearly $900,000 from credit unions and banks was sentenced earlier this month to more than seven years in federal prison, the U.S. Attorney’s office in Providence, R.I., said.

U.S. District Court Chief Judge John J. McConnell, Jr., also ordered Octavio Andres Difo-Castro, 30, of Brooklyn, N.Y., to pay $649,180 in restitution and serve three years of supervised release following his prison term. Difo-Castro pleaded guilty to conspiracy to commit wire fraud, conspiracy to access device fraud, two counts of aggravated identity theft and 19 counts of wire fraud.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Peter Strozniak

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.