Crime

Two Mass. residents posed as bank customers to withdraw more than $1.2M, says U.S. Attorney

Their arrests follow a July 2025 case in which six men were charged in a related multi-million-dollar bank fraud scheme.

January 22, 2026

1 minute to read

A Massachusetts man and woman were arrested and charged Wednesday in connection with a scheme to defraud banks in the state by fraudulently withdrawing more than $1 million, according to the office of Leah Foley, U.S. Attorney for Massachusetts.

William Shaw, 67, of Boston, was indicted on four counts of bank fraud and four counts of aggravated identity theft, according to a statement from Foley’s office. Rosemary Parks, 59, of Hopkinton, was indicted on three counts of bank fraud and three counts of aggravated identity theft.

The pair’s scheme lasted from at least December 2022 to March 2025, federal prosecutors said. Throughout this period, Shaw allegedly impersonated at least 11 bank customers, while Parks allegedly impersonated at least eight, according to the statement.

Shaw and Parks used fake driver’s licenses that showed their own photos but listed personal information that belonged to bank customers, Foley’s office said.

While posing as real bank customers, Shaw allegedly withdrew more than $674,000, and Parks allegedly withdrew more than $536,000, in cashier’s checks and cash withdrawals, according to charging documents.

Both Shaw and Parks pleaded not guilty in federal court, and are scheduled to appear for status hearings on March 10.

In July 2025, six men were charged as part of a related investigation into a multi-million-dollar scheme to defraud banks in Massachusetts, Connecticut, and Rhode Island.

The charge of bank fraud carries a sentence of up to 30 years in prison, up to five years of supervised release and a fine of $1 million or twice the gross gain or loss, whichever is greater. Aggravated identity theft carries a mandatory two-year prison sentence that must be served consecutively to any other sentence, according to federal law.