Two guys, concerned with the Armenian Electrical power criminal enterprise, have been sentenced to spend the upcoming 25 many years behind bars. They had been accused of orchestrating an elaborate identity theft scheme from the Avenal State Prison.
According to the FBI, the Armenian Power group worked with members of African-American street gangs to gather info wanted to empty bank accounts.
In order to acquire entry to the worthwhile information, they bribed bank insiders. The accomplices handed in excess of the information of elderly citizens since they were much less very likely to turn into aware that their identities had been compromised.
The losses brought about by the fraudsters total to over $ eight million (€6.24 million).
Angus Brown, aged 36, and Arman Sharopetrosian, aged 33, were convicted earlier this yr of leading the fraud scheme from the state facility.
Sharopetrosian was uncovered guilty of financial institution fraud conspiracy, 4 counts of bank fraud, and seven counts of aggravated identify fraud. Brown, on the other hand, pleaded guilty at the finish of last yr to bank fraud, conspiracy to commit bank fraud, and 17 counts of aggravated identity theft.
The decide named this case one particular of the most sophisticated fraud schemes he had ever witnessed.
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