A Palm Beach woman lost more than $22,000 in a wire fraud scheme involving a Miami man and his alleged accomplice, according to police reports. The case highlights ongoing concerns about wire fraud and financial scams targeting seniors in Palm Beach County, similar to recent incidents such as a Port St. Lucie woman charged with elderly exploitation.
Wire Fraud Scheme Targets 74-Year-Old Palm Beach Resident
The wire fraud scheme was first reported on April 16, 2025, when officers from the Palm Beach Police Department responded to the 1200 block of North Lake Way. The 74-year-old victim discovered unauthorized withdrawals from her fidelity investments account after a detailed review of her finances.
According to the criminal probable cause affidavit, the fraudulent activity began in August 2024. Over several months, the victim’s account was subjected to 54 unauthorized wire transfers, totaling $22,553. The transactions were processed under the label “Debit TD Bank Web Pay.”
Investigation Leads to Miami Man and Accomplice ‘Fat Boy’
Detectives traced the wire fraud to a Miami man, identified as Ricardo Savoix, age 34, of Opa-locka. Police allege Savoix worked with an accomplice known only as “Fat Boy.”
In addition to the wire transfers, two smaller unauthorized payments of about $120 each were made under “Debit Planet Fitness Club Fees.” Investigators also found a fraudulent check for $549, listing Credit Control LLC in Missouri as the payee and Savoix as the account holder. Financial crimes involving large-scale fraud have also occurred nearby, such as the Fort Pierce biofuel manager sentenced for $7 million fraud.
How Police Uncovered the Wire Fraud Operation
To identify the suspects, officers subpoenaed records from Planet Fitness and interviewed a manager, who confirmed Savoix owned the implicated account. Further investigation revealed that the victim’s bank routing and account numbers had been uploaded to Savoix’s account in February 2025.
Detectives also accessed Savoix’s financial records, which showed paycheck deposits from a Miami auto paint store. This connection allowed police to locate Savoix’s place of employment and continue their inquiry.
Suspect’s Statement and Alleged Conspiracy
On July 28, 2025, detectives contacted Savoix for questioning. Savoix reportedly told police that “Fat Boy” approached him the previous year with a plan to wire money into Savoix’s TD Bank account. Savoix admitted to meeting with “Fat Boy” after each deposit and splitting the stolen funds.
Police believe this arrangement enabled the ongoing wire fraud, with Savoix acting as a conduit for the illicit transfers.
Criminal Charges and Arrest in Palm Beach County
Following the investigation, officers issued a warrant for Savoix’s arrest. He faces charges of grand theft, uttering a forged check, and criminal use of personal identification information.
Savoix was taken into custody on Thursday and is currently being held in Palm Beach County Jail without bond. Police continue to search for the accomplice known as “Fat Boy.”
Financial Scams and Wire Fraud in South Florida
Wire fraud remains a significant concern in South Florida, especially among older adults. Criminals often use stolen personal information to access victims’ bank accounts and transfer funds without authorization. Law enforcement agencies in the region are also investigating cases where fraudsters stole over $70,000 from Wells Fargo cardholders in Port St. Lucie.
Authorities urge residents to monitor their financial accounts regularly and report any suspicious activity to law enforcement. Banks and investment firms also recommend using additional security measures, such as two-factor authentication, to help prevent unauthorized access.
Warning Signs of Wire Fraud
- Unexplained withdrawals or transfers from accounts
- Unfamiliar payees or businesses listed on statements
- Receiving bank notifications about account changes
- Unusual requests for personal or banking information
Frequently Asked Questions About Wire Fraud in Palm Beach
What is wire fraud and how does it happen?
Wire fraud is a crime where someone uses electronic communications to steal money or personal information. Criminals often access bank accounts using stolen details and transfer funds without the victim’s permission.
How much money did the Palm Beach woman lose in this scheme?
The victim lost more than $22,000 through 54 unauthorized wire transfers. Additional fraudulent charges were also discovered during the investigation.
Are wire fraud cases common in Palm Beach County?
Wire fraud and similar financial scams are reported regularly in Palm Beach County and throughout South Florida. Seniors are often targeted due to perceived vulnerability.
Can you protect your accounts from wire fraud?
Yes, you can reduce risk by monitoring your accounts, setting up security alerts, and using strong passwords. Contact your bank immediately if you notice suspicious activity.
Where are wire fraud suspects prosecuted in Palm Beach?
Wire fraud suspects are prosecuted in local courts, such as the Palm Beach County criminal justice system. Law enforcement agencies investigate and file charges based on evidence.
Port St Lucie Talks
