Derrick Warner, 29, pleaded guilty to an information charging him with one count of conspiracy to commit bank fraud and one count of possession of a firearm by a previously convicted felon. Warner said he purchased a Smith and Wesson .44 Magnum handgun for a conspirator in March if this year, and was in possession of it.
After stealing checks from the mailboxes outside business industrial parks, Warner said he and co-conspirators would recruit someone to cash the stolen check and alter them so that the check was addressed to the person they recruited.
Warner, the recruit and a conspirator would then travel together to cash the stolen check, Fishman said.
Warner said they attempted to cash more than 45 stolen business checks worth over $200,000, resulting in a loss of $100,000 for the banks that were victimized.
Warner faces up to 30 years in jail and a $1 million fine or twice the gross gain or loss resulting from the offense for the bank fraud charge.
He faces 10 years in prison and a $250,000 fine for the firearm possession charge.
Sentencing is scheduled for April 4, 2014.