Preet Bharara, the United States Attorney for the Southern District of New York, and Philip R. Bartlett, Inspector-in-Charge of the New York Office of the U.S. Postal Inspection Service (“USPIS”), today announced the unsealing of an Indictment charging a total of eight defendants with engaging in mail theft and bank fraud conspiracies in the Bronx, New York. Five defendants were arrested today, and two defendants remain at large; the eighth will voluntarily appear later this week for arraignment. The five defendants who are in custody will be presented and arraigned before U.S. Magistrate Judge Sarah Netburn later today. The case is assigned to U.S. District Judge Gregory H. Woods.