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Tag: Conspiracy to Defraud Financial Institutions
Linden Man, 3 Others Charged In $2.5M ‘Bust Out’ Identity Theft Scam
Four men were arrested Thursday for using stolen personal information to create bogus identities as part of a scheme to defraud banks of millions of dollars, U.S. Attorney for New Jersey Craig Carepenito said.
Shahid Akhtar, 42, of Linden; Tassadiq Hussain, 70, of Sayreville; Asif Ali, 39, of Carteret; and Mohammad Mushtaq, 54, of Valley Stream, New York are each charged with one count of conspiring to defraud financial institutions. They were scheduled to appear in Newark federal court Thursday.
Authorities say the four obtained valid Social Security numbers, dates of birth, drivers licen…
