NEWARK– An Edison male has been charged with identity theft and defrauding banks throughout New Jersey. Benjamin Rich, 40, was charged with conspiracy to commit bank fraud and aggravated identity theft, U.S. Attorney Craig Carpenito said in a news release.
Two Brooklyn guys– Frank Ambrosio, 35, and Felix Alamo, 59– likewise were charged with conspiracy to dedicate bank fraud and exacerbated identity theft in the supposed scheme.
Rich and Alamo were scheduled to appear by video conference prior to U.S. Magistrate Judge James B. Clark on Thursday.
Ambrosio remains at big, according to the release.
Rich, Ambrosio and Alamo, and others, supposedly conspired to defraud banks throughout New Jersey, and somewhere else, by utilizing the personal identification info (PII) of victims to open deceptive savings account in order to deposit fraudulently acquired check, according to the release.
Rich would apparently obtain checks that were either taken or counterfeited and would then create sham organizations with names closely looking like those of the payees appearing on the taken or counterfeited checks, the release said.
For instance, if Rich acquired a check made payable to “ABC Corp.,” he would develop a sham business called “ABC LLC,” the release stated.
Rich would later apparently provide Ambrosio, Alamo, and other conspirators, with deceitful identification documents bearing their pictures and the victims' PII and organization opening files in order to open the fraudulent savings account for the sham services, according to the release.
READ: Edison male charged with murder in fatal Perth Amboy shooting The conspirators would supposedly deposit the fraudulently obtained or counterfeited check out those deceitful bank accounts and after that withdraw the funds prior to anybody might detect the scams, according to the release. The charge of bank scams carries an optimum of thirty years in prison and an optimum fine of$1 million, or two times the gain obtained or loss triggered by the offense, whichever is higher. The charge of aggravated identity theft brings a statutory minimum term of imprisonment of 2 years in jail, which
needs to run consecutively to any other regard to jail time imposed, and a fine of $250,000, or two times the gain derived or loss brought on by the offense. Email: email@example.com!.?.! Nick Muscavage is a watchdog reporter for the Courier News, Home News Tribune and MyCentralJersey.com. To get unlimited access to his investigative work that has exposed misbehavior and altered state law, please subscribe or trigger your digital account today.