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Mass. man named Banks sentenced to prison following role in $9M bank fraud scheme

Summary by Mass Live
A Massachusetts man named Banks was sentenced to prison after pleading guilty to bank fraud following his involving in a $9 million scheme. Eric Banks, 71, of Quincy, was sentenced to 14 months in prison, followed by three years of supervised release. In November 2025, Banks pleaded guilty to one count of bank fraud and five counts of money laundering.

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Mass Live broke the news in Springfield, United States on Tuesday, March 10, 2026.
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