Federal Prosecutor: Credit Fraud Suspect Has ‘Insatiable Hunger for Other People’s Money’

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A 30-year-old man was sentenced last week to nearly 18 years in prison on fraud charges.

Although convicted of mail fraud, authorities believe he masterminded a scheme to open nearly 600 fraudulent bank accounts and bilk 22 major banks out of hundreds of thousands of dollars.

A federal prosecutor said during the sentencing hearing the defendant had an “insatiable hunger for other people’s money” after allegedly bilking nearly $1.5 million from credit card companies and banks.

According to this USA Today Money article, “a credit card fraud investigator for U.S. Bank testified that it was the most complex case he had ever seen.”

 

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Elaine Rigoli

Elaine Rigoli is PRIVATE WiFi's manager of digital content strategy.