A 24-year-old Dallas man has been charged with multiple counts of receiving and transferring more than $23,000 in stolen money from a Pennsylvania-based Wells Fargo account.
Baltazar J. Baez Jr. charged with racketeering, identity theft, robbery and receiving stolen property following an investigation into the theft of $23,500 from a Hatfield Township bank account, reports Journalist.
The victim reportedly contacted police on May 28, 2025, after seeing fraudulent activity on her Wells Fargo account. She says she received a fraudulent text message on May 7 asking her if she authorized a $23,500 wire transfer to Baez.
The man says he immediately contacted Wells Fargo and learned that his account had been closed, his username had been changed, his payment preferences had been changed and a solicitation had been initiated, all without his consent.
The victim also reportedly reported three unauthorized charges totaling $424 on her Capital One business credit card, though police say the bank reversed the charges.
Investigators said they obtained search warrants from Wells Fargo, Bank of America and Zelle Record, which they say traced $23,500 to Baez’s Bank of America account in Dallas.
Investigators say they also found mobile app login information, IP addresses and phone data that they say put access to accounts near where Baez lives in Texas.
Police said Baez admitted in a phone interview that he opened a Bank of America account after being contacted on Telegram by a man identified as “DOJ.”
Investigators say Baez agreed to accept the wire transfer and transfer the money through Zelle’s account in exchange for the promise of a popular Instagram account with thousands, if not millions, of followers.
Investigators say Baez also admitted to deleting Telegram messages, Zelle posts and an Instagram account after the transfer.
But police say financial records don’t match Baez’s claims.
According to investigators, Zelle’s records show Baez continued to make payments to Wells Fargo and JPMorgan Chase accounts in his name after the money left the Bank of America account.
Investigators say the documents show that Baez not only gave the money to someone else, but was the sole recipient of the stolen money.
Charges were filed in December, and Baez was arraigned shortly thereafter.
Follow us X, Facebook and Telegram
Don’t Miss Out – Sign up to receive email notifications straight to your inbox
Swimming Daily Hodl Mix
 
Disclaimer: The views expressed in Daily Hodl are not financial advice. Investors should do their due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any assets including cryptocurrencies, nor is The Daily Hodl a financial advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image Created: Midjourney
