Florida Resident Pleads Guilty to Bank Fraud

PITTSBURGH, PA - A resident of New Port Richey, FL, pleaded guilty in federal court to a charge of bank fraud, United States Attorney Eric G. Olshan announced today.

Theodosios K. Moustakopoulos, 41, New Port Richey, FL pleaded guilty to one count before United States District Judge Cathy Bissoon.

In connection with the guilty plea, the court was advised that in October 2016, Moustakopoulos applied for an auto loan from S&T Bank to purchase a Bentley sedan for $174,525.30. According to the allegations, Moustakopoulos made false statements in the loan application.

Judge Bissoon scheduled sentencing for January 17, 2024. The law provides for a total sentence of 30 years in prison, a fine of $1,000,000, or both. Under the Federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.

Pending sentencing, the court continued Moustakopoulos' bond.

Assistant United States Attorney Gregory C. Melucci is prosecuting this case on behalf of the government.

The Federal Bureau of Investigation and United States Postal Inspection Service conducted the investigation that led to the prosecution of Moustakopoulos.