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Feds Allege Car Dealer Victimized Credit Unions & Banks

A Massachusetts-based fraud ring used stolen IDs and phony documents to obtain loans.

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Fraud investigation Source: Olivier Le Moal/Shutterstock.

A Massachusetts used car dealer faces a 10-count indictment for participating in a wide-reaching conspiracy to defraud at least eight credit unions and three banks across seven states by obtaining car loans using stolen personal identifying information and fake documents, according to federal prosecutors for the U.S. Attorney’s Office in Providence, R.I.

Rolando E. Estrella, 32, of Dracut, Mass., pleaded not guilty to in federal court last month to charges of conspiracy to commit bank fraud, aggravated identity theft, fraudulent use of a Social Security number and seven counts of bank fraud. Until recently, Estrella was the operator of Estrella National Auto, a used car dealership in Lawrence, Mass.

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