Jalen Jace Cancel, a 25-year-old resident of Chicago, Illinois, has been sentenced to one month in prison and seven months of home detention after pleading guilty to charges including wire fraud conspiracy, wire fraud, and money laundering conspiracy. He was also ordered to pay $504,948.49 in restitution.
The sentencing follows an investigation by the Federal Bureau of Investigation. Prosecutors stated that between June and September 2023, Cancel worked with others to defraud area businesses by sending emails that appeared to be from legitimate vendors. These emails instructed the businesses to wire payments to certain bank accounts that were actually controlled by members of the conspiracy. Investigators found that Cancel’s role included opening bank accounts used for receiving and distributing the stolen funds.
“The Honorable John F. Heil, III, Chief District Court Judge in the United States District Court for the Eastern District of Oklahoma, presided over the hearing,” according to the U.S. Attorney’s Office for the Eastern District of Oklahoma.
Cancel is scheduled to self-report on March 2, 2026, at a facility designated by the United States Bureau of Prisons.
Assistant U.S. Attorney Richard J. Lorenz prosecuted the case.
