Cory Jermaine White, Jr., a 31-year-old resident of Goodyear, Arizona, was sentenced to 108 months in prison on July 16 by United States District Judge Michael T. Liburdi. He was also ordered to pay $8,446,858.31 in restitution. White had pleaded guilty on December 10, 2024, to conspiracies involving bank and wire fraud and money laundering. Six co-defendants have already been sentenced for their roles in the scheme.
“White stole nearly $8.5 million in checks meant for legitimate businesses and used the money for lavish expenditures,” stated U.S. Attorney Timothy Courchaine. “His actions not only impacted the victims but also undermined the integrity of our financial systems.”
FBI Phoenix Special Agent in Charge Heith Janke commented on the case: “The fact this defendant and his co-conspirators would think that stealing business checks from the U.S. Mail and scheming ways to deposit them for their own use is mind-boggling.”
Court documents revealed that White’s scheme involved multiple steps, including stealing mail containing checks intended for businesses and creating sham entities to deposit these checks into newly opened corporate bank accounts.
The investigation was conducted by the FBI Phoenix Division, with Assistant U.S. Attorney Kevin M. Rapp handling prosecution duties.
