Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)
Acting United States Attorney Matthew R. Molsen announced that Jaiveer Tyee, 53, and Xanthe Tabbs, 56, both of Coral Gables, Florida, were sentenced on May 2, 2025 in federal court in for conspiracy to commit wire fraud. Chief United States District Judge Robert F. Rossiter, Jr. sentenced Tyee to 9 months’ imprisonment and Tabbs to 3 years’ probation. Tyee and Tabbs were also ordered to pay $138,926.71 in restitution. There is no parole in the federal system. After Tyee’s release from prison, he will begin a 3-year term of supervised release.
From April 25, 2018, to July 19, 2018, Tyee and Tabbs conspired to participate in a scheme to defraud a company located in the District of Nebraska. The victim company specialized in subscription-based services for the analysis and delivery of real-time weather, agricultural, energy, and commodity market information.
Using a spoofed email account, an unknown person posed as a vendor of the victim company and requested a change payment related to an invoice the victim company was in the process of paying. The fraudulent email purporting to be from the vendor contained wiring instructions and third-party bank account information, that in fact was not associated with the vendor. The victim company’s employee, thinking the wire transfer request was legitimate, complied with the wire transfer request.
On May 23, 2018, the victim company was induced into making an unauthorized wire transfer totaling $280,646 from its financial institution to a third-party bank account that was jointly accessed and controlled by Tyee and Tabbs. After the unauthorized wire transfer was deposited, Tyee and Tabbs immediately conducted numerous financial transactions, which included obtaining cashier’s checks and making wire transfers to other bank accounts controlled and accessed by Tyee and Tabbs. After detection of the fraudulently induced transfer, the victim company was able to recover a portion of the proceeds resulting a loss of $138,926.71.
This case was investigated by the Federal Bureau of Investigation.