(File Photo of a Gavel)

Noah Haswell, Beaver County Radio News

(Pittsburgh, PA) A Pittsburgh man has pleaded guilty in federal court to bank fraud and aggravated identity theft charges, according to the U.S. Attorney’s Office for the Western District of Pennsylvania.

Oluwakayode Ajayi, 27, entered guilty pleas to two counts before Senior U.S. District Judge David Stewart Cercone yesterday.

According to prosecutors, Ajayi carried out a scheme in which he impersonated bank account holders and used forged checks to obtain cash from financial institutions.

A sentencing date has not yet been scheduled. Federal prosecutors said Ajayi remains in custody pending sentencing.

Bank fraud carries significant federal penalties, though the sentence ultimately imposed will be determined by the court based on federal sentencing guidelines and other factors.