A 73-year-old woman from Michigan is being sought by the FBI for allegedly executing a $30 million fraud scheme. Mary Carole McDonnell is accused of posing as an heiress and defrauding various financial institutions across the United States.
Details of the Fraud Scheme
The FBI’s most wanted bulletin reveals McDonnell’s fraudulent activities took place primarily in Los Angeles and Orange counties, California. She falsely identified herself as a descendant of the McDonnell Aircraft Corporation, claiming access to an $80 million secret trust. It’s important to note that the McDonnell Aircraft Corporation is no longer operational.
Timeline of Events
- Start of Scheme: The fraudulent activities reportedly began in July 2017.
- End of Scheme: The scheme continued until May 2018.
- Indictment Issued: A federal arrest warrant was issued for McDonnell in December 2018.
Financial Impact
Mary Carole McDonnell is alleged to have defrauded the Banc of California of approximately $14.7 million. The FBI stated she was aware she had no legal claim to these funds and failed to repay the money. In total, financial institutions suffered losses exceeding $30 million due to her actions.
Business Operations
At the time of the fraudulent scheme, McDonnell served as the CEO of Bellum Entertainment LLC, a now-defunct production company based in Burbank. The company was known for producing true crime shows like “I Married a Murderer” and “It Takes a Killer.” Financial difficulties plagued the company, including issues with payroll and other obligations.
Legal Proceedings
The federal indictment against McDonnell also highlights that she was named in several civil complaints, with claimed debts exceeding $1 million to various creditors across the nation. In addition to bank fraud, she faces charges of aggravated identity theft.
Current Status
The FBI has reason to believe that McDonnell may currently be in Dubai. She is known to have ties to Montgomery, Alabama, and remains at large as law enforcement continues its search.
Conclusion
This case underscores the significant impact of fraud on financial institutions and the importance of vigilance in preventing such schemes. Those with information about McDonnell’s whereabouts are urged to contact the FBI.
