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.

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Duane Akuffo of Bowie, Md., pleaded guilty to bank fraud in Mayin U.S. District Court in Baltimore.

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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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From June 2010 to August 2012, Akuffo submitted bogus loanapplications amounting to more than $530,000 to the $2.7 billionState Employees Credit Union of Maryland in Linthicum, the $60billion Navy Federal Credit Union in Vienna, Va., the $762 millionEducational Systems Federal Credit Union in Greenbelt, Md., the$359 million Security Plus Federal Credit Union in Baltimore andthe $1.3 billion NASA Federal Credit Union in Upper Marlboro, Md.

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Relying on the fake applications, the credit unions issued loanstotaling $357,356, court records show.

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Akuffo submitted numerous applications in his own name, but healso recruited at least nine other individuals to submit fakeapplications.

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Though Akuffo made several payments to make the loans appearlegitimate, Akuffo or one of the other applicants would default onthe loans.

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Akuffo also was ordered to make restitution of $357,356 by U.S.District Court Judge Catherine C. Blake.

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