Baltimore man charged with bank fraud

March 02, 1997|By Brenda J. Buote | Brenda J. Buote,SUN STAFF

FBI agents arrested a Baltimore man Friday and charged him with using a personal computer and other equipment to create counterfeit checks in a sophisticated scheme to bilk banks in three states out of more than $220,000.

Richard Tirrell Terry, 23, of the 5100 block of Harford Road was arrested about 11 a.m., said Special Agent Kevin L. Perkins. Terry appeared before Magistrate Judge Paul M. Rosenberg and was released pending his arraignment March 14.

Terry, who also used the name "Perrie Thedan," has been charged with seven counts of bank fraud. The charges were brought by a federal grand jury Wednesday in an indictment that alleges Terry operated a counterfeit check ring in Maryland, Delaware and Pennsylvania from August 1995 to July 1996.

If convicted, Terry could face fines of up to $7 million and be sentenced to up to 210 years in prison.

Court papers allege that Terry used a personal computer, typewriter, scanner and printer to create counterfeit checks by copying real commercial checks.

Sixty-nine counterfeit checks, for a total of $220,569, were deposited in 17 banks in Maryland, Delaware and Pennsylvania by Terry and four unindicted co-conspirators, according to court documents. Terry deposited several of those checks in the bank account he used for his pager business, Higher Level Communications in Baltimore County, the documents allege.

FBI agents are investigating several other possible cases of bank fraud in the city and Baltimore County, Perkins said.

Pub Date: 3/02/97

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