Thursday, May 10, 2007

When Fraud Is Your Life

That scam artists are willing to lie constantly is not really surprising, but it always amazes me to see how someone can develop so many different frauds.  A press release (here) from the U.S. Attorney's Office for the Southern District of Indiana describes a series of frauds by one Alan R. King, Jr., age 29, who entered a guilty plea to charges that landed him a 105-month prison term.  His frauds include:

  • In October 2005, he filed three fictitious Hurricane Katrine FEMA relief claims, even though he was living in Bloomington, Indiana at the time, and received over $40,000.  The capper here is that one of the claims was with a social security number he obtained earlier after he claimed that his original number had been hijacked by identity thieves.  That's certainly creative.
  • King filed fourteen fraudulent student loan applications, and seven were granted.  He received $105,000 from six loans, but the seventh turned out to be his undoing because federal agents did a controlled delivery of the check and arrested him.
  • He obtained $60,000 in car loans, used the money to buy a 2005 Mercedes, and then had the title cleared by giving a falsified letter to the state motor vehicle department stating that the loan had been paid.  He sought additional loans once the lien was removed, too.
  • King engaged in various and sundry smaller frauds, perhaps just to kill time, involving credit from stores based on the identity of others and received a Pell Grant using false documents.

That's got to be a full-time job keeping all that paperwork flowing smoothly.  King will have 8+ years to chill out in a federal correctional institution, however. (ph)

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