Friday, July 3, 2026

Theft of $750K from Board of Ed Retirement System Gets Co-D 41 Months & $1.3M Restitution



Theft of  $750K from Board of Ed Retirement System Gets Co-D 41 Months & $1.3M Restitution

by Matthew Russell Lee, Patreon Book Substack

SDNY COURTHOUSE, July 1 – Mekhi McGowen was indicted for wire fraud, tricking a victim into making loans using another's identity, the prosecutors say.

He appeared in a suit on August 14, 2023 before U.S. District Court for the Southern District of New York Magistrate Judge Katharine H. Parker. Inner City Press was there, the only media in the SDNY Mag Court.  

 McGowen has already been presented and released on $250,000 bond in Florida; the bond is secured by a property on SW Colorado Avenue, Port St. Lucie, Florida. In SDNY he was given a free / taxpayer funded Federal Defender. 

He is in New York for an appearance before the District Judge Jennifer H. Rearden on August 15 at 11:30 am. He was re-released and told not to have any contact with his co-defendant Shane McGregor without the presence of counsel. 

 The indictment describes the victim as "a particular NYC retirement system" and the fraudulently obtained loan to have been for $750,000. It says they used the names of 30 members of the retirement system, without their consent.

Inner City Press went on August 15. The victim was named: the NYC Board of Education Retirement System. The co-defendant is a fugitive, whose social media was cited.

He was presented and detained on September 10, with a conference set for September 18. Then a request by the US Attorney's Office to delay it until September 25.

Jump cut to June 8, 2026, when McGregor was sentenced to 41 months in prison with Fort Dix recommended, and July 1, with the US Attorney's Office docketed a proposed order of restitution of $1.3 million.

 The case is USA v. McGregor, et al.,1:23-cr-372 (Rearden / Parker)

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