A 28-year-old Maryland man was sentenced to two years in federalprison last week for submitting 17 false car loan applications andstealing more than $357,000 from five credit unions over twoyears.
Duane Akuffo of Bowie, Md., pleaded guilty to bank fraud in Mayin U.S. District Court in Baltimore.
He admitted to falsely representing income, employment andsubmitted fraudulent pay stubs, used vehicle buyers' orders andverifications of insurance on loan applications. He also admittedto falsely representing on loan applications that the borrowedfunds would be used to purchase luxury cars, according to courtdocuments.
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