A federal judge sentenced a New York man to three years in prison for participating in a $1.3 million fraud ring that victimized seven credit unions, three banks, and other retailers, Rhode Island federal prosecutors said last week.

Angel L. Morales, 52, of New York, N.Y, previously admitted that he and nine others who were part of a Rhode Island-based fraud ring stole personal identifying information to open credit union and bank accounts and applied for car loans. Once the loans were obtained, Morales deposited the funds into accounts and quickly withdrew the money before the credit union or bank discovered the fraud, federal prosecutors said

U.S. District Court Judge John J. McConnell, Jr. in Providence, R.I. also ordered Morales to serve three years supervised release and to pay $116,000 restitution.

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