Fourth person to blame for credit union fraud scheme: Feds

Federal officials said the men used stolen identities to open bank accounts.  (AP Photo/Alice Amendola, FILE)

Federal officials said the men used stolen identities to open bank accounts. (AP Photo/Alice Amendola, FILE)

AP

A 28-year-old man from Virginia pleaded guilty to identity theft and bank fraud for his role in a $300,000 defrauding from the Navy Federal Credit Union, according to federal officials.

Norfolk swimmer Peters one of the four co-conspirators to plead guilty to a fraud scheme, according to a news release from the Eastern District of Virginia’s U.S. Attorney’s Office.

According to the release, Peters assisted with a scheme that used a victim’s stolen identity to open bank accounts at Navy Federal Credit Union branches between April and July 2018.

Prosecutors said Peters and his co-conspirators used bank accounts to apply for auto loans under the victim’s name. Then, they will retrieve and cash the loan check at two different bank locations, according to the release.

The plan cost Navy Federal Credit Union more than $300,000 in total, and Peters’ “specific action” caused the bank to lose $57,000, according to the release.

McClatchy News reached out to Peter’s attorney for comment and is awaiting a response.

According to the release, Peters is the fourth person to plead guilty to the scheme. Co-conspirators Raven Dixon, 29, and Ryan Eugene Gregory, 38, both of Norfolk and 33-year-old Thomas Jules Rogers of Prince George’s County, Maryland, have also pleaded guilty and sentenced for their roles in the conspiracy, prosecutors said.

According to the news release, Peters is expected to be sentenced on January 20, 2023. The lawyer’s office said he faces between 2 and 32 years in prison.

Alison Cutler is a national real time reporter for Southeast at McClatchy. He graduated from the Walter Cronkite School of Journalism and Mass Communication at Arizona State University and previously worked for The News Leader in Staunton, VA, a branch of USA Today.

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