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Three Horry County residents admit guilty in bank fraud case

Three area residents pleaded guilty in federal court to conspiring to commit bank fraud, according to the U.S. Attorney’s office in Columbia.

Jennifer Sorenson, 27, Derrick Jamine Moore, 38, both of Myrtle Beach, and Tiffany Faith Buffkin, 26, of Green Sea, pleaded guilty Wednesday to conspiracy to commit bank fraud. They will be sentenced at a later date.

Evidence presented during the hearing showed that between June and September 2007, $825,739 was transferred to trio and their co-conspirators accounts, according to a news release. They withdrew $418,538 from the accounts.

Derrick Moore recruited Sorenson, Buffkin and the other co-defendants to allow him access to their personal and banking information so that their bank accounts could be used to deposit funds, according to the release. The bank accounts were then used to wire money from other people’s accounts without those people’s knowledge.

The defendants would then withdraw the funds that had been wired into their accounts and provide a majority of the money to Moore and kept a portion for themselves, according to the release. Sorenson, Moore and Buffkin face a fine of $1 million and 30 years in prison.

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