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Leader of $900,000 Multi-State, Multi-CU Fraud Sentenced to Prison

New York man uses phony IDs and documents to secure online car loans.

Judge's gavel next to law books. Source: Shutterstock.

A New York man who led a multi-state conspiracy that involved stealing nearly $900,000 from credit unions and banks was sentenced earlier this month to more than seven years in federal prison, the U.S. Attorney’s office in Providence, R.I., said.

U.S. District Court Chief Judge John J. McConnell, Jr., also ordered Octavio Andres Difo-Castro, 30, of Brooklyn, N.Y., to pay $649,180 in restitution and serve three years of supervised release following his prison term. Difo-Castro pleaded guilty to conspiracy to commit wire fraud, conspiracy to access device fraud, two counts of aggravated identity theft and 19 counts of wire fraud.

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