Security News in Brief: Sixth Defendant Admits to Role in Bank Fraud Conspiracy

Source: United States Department of Justice News

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.