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stolen identity using a fake social security card Source: Shutterstock.

Federal and New York police investigators charged 13 persons and three businesses in connection to a nationwide scheme that created synthetic identities to fraudulently obtain more than $1 million in loans and credit cards from 10 credit unions and nine banks.

Investigators publicly released a 108-count indictment last week after a two-year investigation that involved law enforcement from New York, California, the Secret Service and other agencies such as the U.S. Postal Inspection Service, the Social Security Administration and all three credit bureaus.

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Peter Strozniak

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Credit Union Times

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