photo of a calculator, handcuffs, cash and a spreadsheet Source: Shutterstock.

A January sentencing hearing is scheduled for the leader of a $2.4 million car loan fraud scheme that victimized 17 credit unions across six states, according to Acting United States Attorney Richard B. Myrus of Rhode Island.

Rolando E. Estrella, 32, a former owner of a used car dealership in Lawrence, Mass., admitted in a Providence, R.I., federal court last week that he recruited and directed others to open accounts at credit unions and banks, file fraudulent used car loan applications with credit unions, deposit fraudulently obtained used car loan checks and withdraw those stolen loan funds.

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