PROVIDENCE, R.I. – A Haverhill, MA, man today became the sixth defendant to admit his role in a wide-ranging scheme to defraud financial institutions in several states of more than $2.4 million dollars by obtaining and attempting to obtain car loans with the use of stolen personal identifying information of others and fraudulent documents, announced United States Attorney Zachary A. Cunha.

Fernando Diaz, 34, pleaded guilty in U.S. District Court in Providence to conspiracy to commit bank fraud.

Diaz admitted that in December 2017, he used the stolen identity of a Connecticut resident to apply for and obtain a $50,000 personal loan from an online finance company. The proceeds were deposited into a TD Bank account opened with the use of the same stolen identity. Diaz and others withdrew the funds from the TD Bank account.

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