Man Faces Sentencing for $1.5 Million Identity Theft and Credit Card Fraud

Serving Los Angeles, Riverside, Ventura, San Bernardino Counties & Nearby Areas of California

In what is being described by prosecutors as one of the country’s largest high-tech bank robbery, a 30-year-old Canadian man is facing sentencing up to 22 years after defrauding 22 major U.S. banks for a total of $1.5 million. During the operation, the man, the only one charged in the case, accessed the personal information of almost 16,000 people, stole approximately 500 identities to obtain credit cards, and opened over 100 commercial mailboxes through fake or stolen identities, according to the Associated Press.

The case recently came to a close after five years of investigation and litigation, including almost a year-long sentencing phase and the involvement of 25 investigators. During the investigation and trial, the 30-year-old Canadian man has been identified as the crime leader. The scheme cost U.S. Bank $76,000, $271,000 from Citibank, and $248,000 from Discover. Other losses were felt by identity theft victims, due to credit card fraud and other forms of wrongdoing.

Identity theft is not a victimless crime. Those who have their identity stolen can suffer financial losses, unwarranted debt, and severe harm to both their reputation and credit. While the losses caused by identity theft can be rectified, such processes can be lengthy and difficult for victims on their own. California identity theft attorney, Howard D. Silver, can fight for the restoration and protection of an identity theft victim’s finances and reputation. For more information, call the Law Offices of Howard D. Silver at (866) 49-LEMON.