The New England Voice
Illustration showing U.S. Treasury checks, a magnifying glass, and the Boston skyline representing the alleged $12.2 million fraud scheme

Conceptual illustration accompanying coverage of the alleged Massachusetts Treasury-check fraud scheme. (The New England Voice)

New England

Four Massachusetts Men Charged in Alleged $12.2 Million Treasury-Check Fraud Scheme

Federal prosecutors allege stolen government checks were altered and deposited through shell companies. The defendants are presumed innocent.

By Isabel Calione | The New England Voice··Massachusetts

BOSTON — Four Massachusetts men were arrested September 24 in an investigation involving more than $12.2 million in allegedly stolen U.S. Treasury checks, according to federal prosecutors.

David Obeng of Dedham, Lynley Joseph of Brockton, Lindsley Georges of Everett, and Shaunsayh Addo of Leominster were charged with bank fraud conspiracy and money laundering conspiracy.

Prosecutors allege that between 2023 and 2026, checks intended for legitimate recipients were altered to name shell companies controlled by the defendants. The checks were allegedly deposited at banks and credit unions around Boston.

Authorities say transactions used to conceal proceeds included $310,000 in luxury watches and a $425,000 loan secured by Nantucket property.

A separate indictment charges Obeng with additional offenses involving alleged unauthorized access to bank and retirement accounts.

The investigation involved the FBI, IRS Criminal Investigation, and U.S. Postal Inspection Service.

The charges are allegations. All four defendants are presumed innocent unless proven guilty beyond a reasonable doubt.

Case at a Glance

Alleged amount:
More than $12.2 million in U.S. Treasury checks
Defendants:
David Obeng (Dedham), Lynley Joseph (Brockton), Lindsley Georges (Everett), Shaunsayh Addo (Leominster)
Charges:
Bank fraud conspiracy; money laundering conspiracy
Alleged period:
2023–2026
Method alleged:
Checks altered to name shell companies, deposited at Boston-area banks and credit unions
Notable transactions:
$310,000 in luxury watches; $425,000 Nantucket property loan
Investigating agencies:
FBI, IRS Criminal Investigation, U.S. Postal Inspection Service
Arrest date:
September 24, 2026
Editor's note: The charges described in this article are allegations. All defendants are presumed innocent unless proven guilty beyond a reasonable doubt in a court of law.

Official Source

  • U.S. Attorney's Office, District of Massachusetts: September 24, 2026 announcement of charges.
New EnglandMassachusettsFederal ChargesTreasury FraudBank FraudMoney LaunderingBoston
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