NEWPORT NEWS, Va. -- Two men were sentenced Monday for conspiracy to commit bank fraud and aggravated identity theft.
Preston Frazier, 22, was sentenced to 64 months in prison and Keandre Williams, 25, was sentenced to 75 months in prison. Both men are from Newport News and pleaded guilty on Sept. 28.
Frazier and Williams, along with along with Shameek Owens, Kendall Anderson and other co-conspirators admitted to conspiring to obtain money from several financial institutions by depositing worthless financial instruments into accounts belonging to other individuals and then conducting debit card transactions at ATM and retail locations throughout Hampton Roads.
The men both admitted to using social media to contact account holders in order to gain access to their debit cards and pin numbers for a period of time in exchange for monetary payment.
Members of the conspiracy were recorded by video surveillance equipment at ATM and retail locations while engaging in what they termed the "card cracking" scheme.
The four men were indicted by a federal grand jury back in June.
Owens pleaded guilty on Oct. 5, 2015 and will be sentenced on Jan. 25. Anderson pleaded guilty on Oct. 20, 2015 and will be sentenced on Feb. 10.