Webster man sentenced for fraud schemes and other crimes

Timothy Siverd stole thousands from clients through real estate scams and overbilling for cleaning services

Published on Feb. 12, 2026

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A 38-year-old man from Webster, New York named Timothy Siverd has been sentenced to 111 months in prison for two counts of wire fraud and one count of aggravated identity theft. Siverd, who was previously employed as a vice president at Tompkins Community Bank, convinced two victims to invest in fraudulent real estate transactions, stealing over $450,000 from them. He later ran a commercial cleaning company called ROC Scrubby LLC where he overbilled clients for services that were never performed.

Why it matters

This case highlights the growing problem of financial fraud schemes targeting vulnerable individuals. Siverd's crimes not only caused significant financial harm to his victims, but also eroded public trust in financial institutions and businesses. The sentencing sends a strong message that such criminal behavior will be met with serious consequences.

The details

In November 2021, while employed at Tompkins Community Bank, Siverd convinced two victims to invest in fraudulent real estate transactions. Victim #1 paid Siverd $158,429, which he partially repaid using money stolen from Victim #2, who paid Siverd $346,511.55 and never received any funds back. After these incidents, Siverd ran a commercial cleaning company called ROC Scrubby LLC from November 2022 to September 2024, where he overbilled clients for services that were never performed, using tactics like changing booking information to increase billing and using client credit card numbers to overbill them.

  • In November 2021, Siverd committed the real estate fraud crimes.
  • Between November 2022 and September 2024, Siverd ran the overbilling cleaning services scheme.

The players

Timothy Siverd

A 38-year-old man from Webster, New York who was previously employed as a vice president at Tompkins Community Bank and later ran a commercial cleaning company called ROC Scrubby LLC.

Victim #1

An unnamed individual who paid Siverd $158,429 in a fraudulent real estate transaction, and was partially repaid $108,429 using funds stolen from Victim #2.

Victim #2

An unnamed individual who paid Siverd $346,511.55 in a fraudulent real estate transaction, and never received any funds back.

Tompkins Community Bank

The bank where Siverd was previously employed as a vice president.

ROC Scrubby LLC

The commercial cleaning company that Siverd ran from November 2022 to September 2024, where he overbilled clients for services that were never performed.

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What’s next

The judge will determine whether Siverd will be allowed to remain on supervised release while awaiting sentencing for the additional crimes committed while on supervised release.

The takeaway

This case highlights the need for stronger oversight and regulation of financial institutions and businesses to prevent such predatory fraud schemes from occurring. Consumers must also remain vigilant when making investments or hiring service providers to avoid falling victim to similar scams.