Loan Broker Pleads Guilty to ID Theft
August 18, 2011
Total Loss:
$1.2 Million
Chun-O Kim, 45, Edgewater, N.J., a loan broker, admitted to stealing identities and fraudulently obtaining commercial loans and credit cards for personal profit.
Kim pleaded guilty before U.S. District Judge Susan D. Wigenton to an Information charging her with one count each of conspiracy to commit bank fraud; possessing 15 or more unauthorized credit cards with intent to defraud; and aggravated identity theft. Kim was arrested on September 16, 2010, in a coordinated law enforcement takedown of 53 individuals in connection with widespread, sophisticated identity theft and fraud.
Source:
mortgagefraudblog.com
Posted in:
Account Takeover Identity Theft
Credit Card Fraud